Freight terms of FOB shipping point mean that the seller mus

Freight terms of FOB shipping point mean that the seller must debit freight out. buyer must bear the freight costs. goods are placed free on board at the buyer\'s place of business. seller must bear the freight costs.

Solution

It means buyer must bear the freight cost for the delivery of goods. Goods are placed FREE ON BOARD at the sellers premises. The buyer will record freight expenses rather than seller.