
FOB Destination vs FOB Shipping Point | Accounting How To | How to Pass Accounting Class
FOB Destination vs FOB Shipping Point | Accounting How To is an accounting tutorial explaining the difference between FOB Shipping Point and FOB Destination and how each method differs in the accounting entries for both the buyer and seller. This is an accounting tutorial for accounting students, business owners, and bookkeepers to explain accounting basics for beginners. Featuring Terrance the T-Account Rex and accounting educator, Caroline Grimm, this accounting tutorial is part of two playlist series: How to Pass Accounting Class and Merchandise Businesses and Inventory Cost Methods. ⏰ Accounting How To Time Stamps: 00:00 Introduction to FOB Destination and FOB Shipping Point with a history lesson. 02:08 FOB Shipping Point Introduction 02:35 FOB Shipping Point Journal Entries - buyer and seller 04:45 FOB Destination Introduction 05:52 FOB Destination Journal Entries - buyer and seller 🏋 Download the spreadsheet here: https://docs.google.com/spreadsheets/d/13Zu6nCLZYZQS1YvzFLSy4TLBzWzk1ezz2_16mvXg_1A/edit?usp=sharing 🎥 Playlists: 🎥 How to Pass Accounting Class Playlist: https://youtube.com/playlist?list=PLP...