INCOTERM
Acc. Essay 3
“Sales from a long-distance country.Incoterm”
To control the sales from long-distance countries and to ensure that the rights and duties of both the seller and the buyer are respected; there are some international commercial terms or as it is more commonly known: incoterms.
These international commercial terms are used all over the world by businesses when referring to make sales. These terms divide the rights and duties of selling between the seller and the buyer. They were first introduced in 1936, but there have been some modifications and new terms due to the development and evolution of the international trade market. To refer to the latest revisions people say “Incoterms 2000”.
According to these international commercial terms both buyer and seller must respect the place where they agreed to be delivered the goods. The seller have some obligations and payments to do to guarantee the correct delivering of the goods, once they are received by the buyer he/she must pay some of those expenses to the seller. These are only a few of the obligations that they have.
To sum up, in my opinion these are very important and really necessary to guarantee that neither the sellers or buyers take advantage of the other one. And also to guarantee a fair and legal international trade market and to avoid possible monopolies.
TOPIC: Comprehensiveincomestatement
In this essay I’m going to explain and talk about the comprehensive income statement which in my opinion is very important in accounting.
The comprehensive income statement is a financial statement which some firms present with the rest of financial statements such as the balance sheet or income statement.But it’s optional; they can put the information present on the comprehensive income statement in the income statement. Some firms may prefer this to avoid misunderstanding that could appear because it’s a mix of the owner and non-owner activity.
The comprehensive income statement should include
“Sales from a long-distance country.Incoterm”
To control the sales from long-distance countries and to ensure that the rights and duties of both the seller and the buyer are respected; there are some international commercial terms or as it is more commonly known: incoterms.
These international commercial terms are used all over the world by businesses when referring to make sales. These terms divide the rights and duties of selling between the seller and the buyer. They were first introduced in 1936, but there have been some modifications and new terms due to the development and evolution of the international trade market. To refer to the latest revisions people say “Incoterms 2000”.
According to these international commercial terms both buyer and seller must respect the place where they agreed to be delivered the goods. The seller have some obligations and payments to do to guarantee the correct delivering of the goods, once they are received by the buyer he/she must pay some of those expenses to the seller. These are only a few of the obligations that they have.
To sum up, in my opinion these are very important and really necessary to guarantee that neither the sellers or buyers take advantage of the other one. And also to guarantee a fair and legal international trade market and to avoid possible monopolies.
TOPIC: Comprehensiveincomestatement
In this essay I’m going to explain and talk about the comprehensive income statement which in my opinion is very important in accounting.
The comprehensive income statement is a financial statement which some firms present with the rest of financial statements such as the balance sheet or income statement.But it’s optional; they can put the information present on the comprehensive income statement in the income statement. Some firms may prefer this to avoid misunderstanding that could appear because it’s a mix of the owner and non-owner activity.
The comprehensive income statement should include