carriage paid on purchase of goods 3000
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What will be the journal entry for carriage paid on goods?
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Asha Kanta Sharma, Branch Accountant at Best IT World Private Limited (2014-present)
Answered Feb 13, 2017 · Author has 181 answers and 473.5k answer views
There are two types of Carriage Charges which are Carriage Inward and Carriage Outward.
Carriage Inward:- It is paid at the time of bringing Raw-Materials/Goods for the purpose of Sale to the business premises. These kind of expenses is Direct Expenses and is Debited to Trading Account.
Journal Entry:-
Carriage Inward A/c - Dr.
To Cash/Bank Account - Cr.
Carriage Outward:- It is paid on sale of materials to the customers for dispatching the Goods sold to the customer place. These kind of expenses is an Indirect Expenses and is Debited to Profit and Loss Account.
Journal Entry:-
Carriage Outward A/c - Dr.
To Cash/Bank Account - Cr.
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8 ANSWERS

Asha Kanta Sharma, Branch Accountant at Best IT World Private Limited (2014-present)
Answered Feb 13, 2017 · Author has 181 answers and 473.5k answer views
There are two types of Carriage Charges which are Carriage Inward and Carriage Outward.
Carriage Inward:- It is paid at the time of bringing Raw-Materials/Goods for the purpose of Sale to the business premises. These kind of expenses is Direct Expenses and is Debited to Trading Account.
Journal Entry:-
Carriage Inward A/c - Dr.
To Cash/Bank Account - Cr.
Carriage Outward:- It is paid on sale of materials to the customers for dispatching the Goods sold to the customer place. These kind of expenses is an Indirect Expenses and is Debited to Profit and Loss Account.
Journal Entry:-
Carriage Outward A/c - Dr.
To Cash/Bank Account - Cr.
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