Entity: CARRIAGE-OUTWARDS
Carriage-outwards refers to the delivery expenses incurred by a seller when transporting goods to customers. It includes shipping fees, packaging, and insurance costs.
Carriage-Outwards
Etymology
The term 'carriage-outwards' originates from the transportation industry, specifically in the context of shipping goods to customers.
Definition
Carriage-outwards refers to the delivery expenses incurred by a seller when transporting goods to customers. This includes shipping fees, packaging, and insurance costs.
Historical Context
Carriage-outwards has been a common practice in business transactions, especially when goods need to be shipped to customers located in different regions or countries.
Cultural Significance
In the business world, understanding and managing carriage-outwards costs is crucial for maintaining profitability and customer satisfaction. It plays a significant role in determining the overall expenses associated with selling goods.
Related Concepts
- Carriage Inwards: Refers to the shipping costs incurred by a business when receiving goods from suppliers.
See Also
- Jones Elite Logistics - What is Carriage Outwards?
- AccountingCoach - What is carriage outwards?
- Plutus Education - Carriage Outwards: How is it Different from Carriage Inwards
- Vedantu - Carriage Inwards vs Carriage Outwards: Impact and Profitability
- AccountingTools - Carriage inwards and carriage outwards
Carriage-outwards is the transportation costs that a seller must pay when selling merchandise, involving expenses such as shipping fees, packaging, and insurance.