Respuesta :
Answer:
Option 1,4,5 & 6 are correct in the below statements.
Explanation:
As the options are not given in the said question, the choices are as follows
- Revenue for the sale will be recorded after the goods reach their destination, if the goods are shipped FOB destination
- When the shipping costs are the responsibility of the seller, then the Merchandise Inventory account is debited.
- Terms FOB shipping point means the seller of the goods is responsible for freight charges
- Terms FOB shipping point means the buyer accepts ownership when the goods depart the seller's place of business
- Terms FOB destination means that the seller is responsible for shipping costs
- When the shipping costs are the responsibility of the buyer, then the Merchandise Inventory account is debited for the freight charges
Out of these options,
Option 1 is true because the revenue of the sales is to be recorded after the merchandise has been shipped to the destination.
Option 2 is false because the merchandise inventory account is credited in this case.
Option 3 is false as from the terms FOB shipping point, the buyer becomes responsible for the freight charges.
Option 4 is true because the statement indicates that the buyer accepts the ownership from the shipping point
Option 5 is true because the term FOB destination indicates that the seller is responsible for the shipping.
Option 6 is true because when the shippings costs are the responsibility of the buyer only than the merchandise inventory account is debited.
As per text, correct answers are the options 1, 4, 5 and 6.
What are merchandises ?
The merchandise is a practice of marketing and sale of a product and is similar to retail sales. Thus referred to as the marketing promotion and sales of the product for selling to the customers.
The option 1 is true as the revenue of sales is to be recorded after the merchandise is shipped to the destination. The option 4 is correct as the statement indicates that the buyer can accepts.
\The option 5 is correct as the FOB destination tells that the seller then responsible. The option 6 is also true because the shipping costs are the responsibility of the buyer.
Find out more information about the merchandise.
brainly.com/question/1748396.
