The following appears in trading account except - JAMB Accounting 2017 Question
The following appears in trading account except
A
sales
B
carriage outward
C
carriage inward
D
opening stock
correct option: b
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.
Please share this, thanks:
Add your answer
No responses