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Answer in One Sentence Only. What Do You Mean by Freight? - Book Keeping and Accountancy

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Question

Answer in one sentence only.
What do you mean by freight?

One Line Answer
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Solution

Freight is the fee charged for carrying goods by a vessel or vehicle from one place to another. It is an expense which is paid by a firm for bringing the goods to the place of business.

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Chapter 2: Partnership Final Accounts - Exercise 1 [Page 64]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 2 Partnership Final Accounts
Exercise 1 | Q 15 | Page 64
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