Question

What do you understand by invoice price .name the items which are recorded at the invoice price in the consignment account.Give journal entries passed for the adjustment of loading the respect of each item.

Answer 1

I don't want to go back to later

Answer 2

The invoice price is the initial price that the manufacturer charges the dealer. Due to rebates and incentives from the manufacturer, the price is usually not the dealer’s final cost. Freight, also known as the destination charge, is part of the invoice price.