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Which of the following items of expense involves actual cash payment?

Accounts - Principles of Accounts
WAEC 2016

Which of the following items of expense involves actual cash payment?

  • A. Discounts allowed
  • B. Provision for depreciation
  • C. Carriage outwards
  • D. Allowance for doubtful debts
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Correct Answer: Option C
Explanation

Carriage refers to the cost of transporting goods into a business from a supplier, as well as the cost of transporting goods from a business to its customers. Carriage outwards is the shipping and handling costs incurred by a company that is shipping goods to a customer.


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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