Question

17. Discount received from
creditors and carriage inwards
should be divided between pre
and post incorporation periods
in
O a). Sales ratio
6). Purchase ratio
O c), adjusted tiete ratio
d). None of the above.​

Answer 1

Answer:

(B) Purchase ratio

Explanation:

Discount received from creditor and carriage inwards should be divided in Sales and purchase ratio respectively.

Discount received from creditors is the concession in price received by the buyer of the goods and services from the seller and is an income for the buyer.  It is related to the purchases of the goods. Hence it is divided  in the ratio of purchases.

And,

Carriage inwards the cost of carriage incurred by a supplier for receiving goods or raw materials from their supplier. Hence, it is divided in the ratio of purchases.

#SPJ2