What is the journal entry of octroi paid 600
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inward and carriage outward
Carriage inward is paid by business to supplier when goods are purchased from supplier and are transported to business premises
Carriage inward a/c dr
To cash a/c
Carriage inward is expense of business as carriage charges ( transportation charges ) are paid for getting goods from supplier so it is debited because it is nominal account
Cash goes out of business and real account so credited
Carriage outward is paid when the goods are sold to customer.
Carriage outward a/c dr
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Answer:what's
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