Question

what carriage on sale

Answer 1

Explanation:

The carriage on sales is carriage outwards as the carriage deals outwardly with the cost of shipping and storage borne by the company when delivering the goods to a customer. It is shown in the income statement in the cost of the goods sold section. This also be presented in the balance sheet asset side.

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Answer 2

Answer:

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. ... Thus, the cost of carriage outwards should appear in the income statement in the same reporting period as the sale transaction to which it relates.