Accountancy, asked by marta7238, 1 month ago

What is the entry of carriage on purchase in trading and profit and loss account

Answers

Answered by amitsharma440440

Answer:

Hiiriwigkwiitiwiituidifidcks

Answered by bhimacharan92

Answer:

Carriage inwards is connected with the cost of getting goods into the business and ready for sale. As a result, it will be added on in the calculation for the cost of goods sold.

Treatment in Trading, Profit and Loss Accounts:

Carriage inwards-Trading account expense

Carriage outwards-Profit & loss account expense

Explanation:

I hope you its help to you

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