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Carriage inwards is shown on the

Accounts - Principles of Accounts
WAEC 2010

Carriage inwards is shown on the

  • A. debit side of the trading account
  • B. credit side of the trading account
  • C. credit side of the profit and loss account
  • D. debit side of the profit and loss account
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Correct Answer: Option A
Explanation

It is posted to the debit side of trading account and added to the cost of purchase

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
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Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts