Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 14, 2024

Carriage inwards is charged to the trading account because: It is an expense connected with buying goods. It should not go in the balance sheet.

Carriage inwards is charged to the trading account because:

It is an expense connected with buying goods.

It should not go in the balance sheet.

It is not part of motor expenses.

Carriage outwards goes in the profit and loss account.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Frank Woods Business Accounting Volume 1

Authors: Frank Wood, Alan Sangster

10th Edition

9780273681496

More Books

Students also viewed these Accounting questions

Question

★★★★★

At RM Sharpton Corporation, the engraving department is a bottleneck, and the company is considering hiring an extra worker, whose salary will be $45,000 per year, to mitigate the problem. With the...

Answered: 1 week ago

Question

★★★★★

Why do you think Mariella feels the way she does?

Answered: 1 week ago

Question

★★★★★

3. Listen quietly while others are speaking. This applies to the teacher and other students, in both large-class lessons and small-group discussions.

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

This year Diane intends to file a married-joint return. Diane received $179,500 of salary and paid $7,050 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb....

Answered: 1 week ago

Question

★★★★★

41. Big River Rafting pays $310,000 plus $15,000 in clusing cost to buy out a competitor. The real extate consist of land appraised at $105,000, a building appraised at $210,000, and equipment...

Answered: 1 week ago

Question

★★★★★

Prepare a schedule of cost of goods sold for October. Note: Use negative signs with answers, when appropriate.

Answered: 1 week ago

Question

★★★★★

Peer Reviewed resources on Employee Selection and Training in Capacity Development

Answered: 1 week ago

Question

★★★★★

2. Recent research suggests 21% of Americans are in favor of outlawing fast food. You decide to test this claim and ask a random sample of 200 Americans whether they are in favor of outlawing fast...

Answered: 1 week ago

Question

★★★★★

Continuous improvement is the definition of kaizen. A little modification in any area of an organisation is part of this idea of continual development. Depending on the requirements of a company, a...

Answered: 1 week ago

Question

★★★★★

Write a 4-5 page plan with outline of a first-level manager leadership program based on the leading others stage from the leadership pipeline: Read chapters 2 and 3 from The Leadership Pipeline ....

Answered: 1 week ago

Question

★★★★★

For this assignment please develop a concept map depicting the 3 phases of change. Be sure to include the following: A detailed description of each phase as outlined in chapter 18 of the textbook....

Answered: 1 week ago

Question

★★★★★

2. We can change the use and meaning of the concepts and thereby the meaning of the social reality to which they refer.

Answered: 1 week ago

Question

★★★★★

3. What does it mean when we say that we attribute a certain meaning to our experiences?

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts : Thomas theorem, premise of action, utterance and mental constructions.

Answered: 1 week ago

Previous Question Next Question