Match the items below by choosing the appropriate code letter .
-Cost to deliver goods to customers reported as a selling expense.
A) Net sales
B) Cash discount
C) Credit terms
D) Periodic inventory system
E) Gross profit ratio
F) Contra revenue
G) Freight-out
H) Gross profit
I) Sales invoice
J) Business activity statement
K) Input tax credit
L) Purchase discount

Question

Quizplus · Accepted Answer

The cost to deliver goods to customers, known as freight-out, is reported as a selling expense because it is directly associated with the sale and delivery of goods.

Match the Items Below by Choosing the Appropriate Code Letter