F.O.B. shipping point
F.O.B. shipping point is the agreement that the purchaser pays or is responsible for the shipping costs from seller's shipping point to purchaser's location.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- F.O.B. shipping point. Purchaser pays or is responsible for the shipping costs from seller's shipping point to purchaser's location.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
