Carriage inwards on raw materials is recorded in the
FINANCIAL
WAEC 2023
Carriage inwards on raw materials is recorded in the
- A. balance sheet
- B. profit and loss account
- C. trading account
- D. manufacturing account
Correct Answer: D. manufacturing account
Explanation
Carriage inwards on raw materials is recorded in the manufacturing account. It is added to the opening stock of raw materials and purchase of raw materials.
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