addilyn18
addilyn18 addilyn18
  • 03-01-2021
  • Health
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Are freight charges contra-asset?​

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aragorn44aragorn
aragorn44aragorn aragorn44aragorn
  • 06-01-2021

Answer:

When tou are shipping freight to your customers, the cost of making that delivery is an expense that comes out of your ledger as a debit. This is considered a selling expense and is known as freight-out. When you make a purchase and the supplier bills you for shipping, that is referred to as a freight-in.

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