Carriage inwards is charged to the trading account because (A) It is an expense connected with buying

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Carriage inwards is charged to the trading account because

(A) It is an expense connected with buying goods

(B) It should not go in the balance sheet

(D) Carriage outwards goes in the profit and loss account.

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 20, 2023 01:11 AM

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Carriage inwards is charged to the trading account because (A) It is an expense connected with buying

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The correct answer is A It is an expense connected with buying goods Carriage inwards ref...View the full answer

Frank Woods Business Accounting Volume 1

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