TRANSPORTATION OUT Definition

Bookmark and Share

TRANSPORTATION OUT is part of cost of selling therefore included as selling expense, i.e. part of SG&A.

Learn new Accounting Terms

NET INCOME is the difference between a businesses total revenue and its total expenses. This caption and amount is usually found at the bottom of a companys Profit and Loss statement. Same as Net Profit.

COMMITMENT BASED ACCOUNTING is where spending controls are enacted that ensures that no budget executor can exceed his annual appropriation.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.