Question

paid cartage what will be the entry in accounting equation ​

Answer 1

Answer:

deduct it from cash and capital

Answer 2

The paid cartage is deducted in the accounting equation as it is an expenditure.

• The expenses that are associated with the loading and the unloading of the commodities and freight are noted at the expense of cartage.

• Cartage costs relate to the purchase of goods. They are also known as Freight & Cartage Expenses.
• In an accounting equation the amount of cartage is deducted both from the cash and capital