The following appears in trading account except
FINANCIAL
JAMB 2017
The following appears in trading account except
- A. sales
- B. carriage outward
- C. carriage inward
- D. opening stock
Correct Answer: B. carriage outward
Explanation
carriage outward: it is the cost of transporting goods from the company to the buyer. it is on debit side of the profit and loss account because it is an expenses incurred on distributing the goods to customer.
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