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The following appears in the trading account except

Accounts - Principles of Accounts
JAMB 2023

The following appears in the trading account except

  • A. carriage inward
  • B. opening stock
  • C. carriage outward
  • D. sales
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Correct Answer: Option C
Explanation

Carriage outward is an expenses and it does not appear in the trading account but appears in the profit and loss account.

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