Transfer Pricing Purpose and Methodologies

Import fees when they reach the border of one country to enter the other country under the conditions of FOB destination are due at the customs port of the destination country. Although FOB has long been stated as «Freight On Board» in sales contract terminology, this should be avoided as it does not precisely conform…

Contra Account Definition + Journal Entry Examples

Content Contra Accounts contra asset account Understanding Contra Accounts What is a contra asset account? What Are the Consequences of Overstating Your Accounts Receivable? Example of a Contra Account Many or all of the products here are from our partners that compensate us. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation.…