03-06-2006, 02:33 AM
hi
No freight is not included.
ur first option is right.
freight is included in calculation of cost of goods sold.
Purchases are at the value at which they are bought 4om supliers.n valued at the bill.so net purchases = puchases less returns.
No freight is not included.
ur first option is right.
freight is included in calculation of cost of goods sold.
Purchases are at the value at which they are bought 4om supliers.n valued at the bill.so net purchases = puchases less returns.
