Which of the following is a trading account item - WAEC Accounting 2012 Question
Which of the following is a trading account item?
A
discount allowed
B
discount recieved
C
carriage outwards
D
carriage inwards
Ask EduPadi AI for a Detailed Answer
Correct Option: D
Carriage inwards is the shipping and handling costs incurred by a company that is receiving goods from suppliers. It is added to the cost of purchase and recorded in the trading account
Please share this, thanks:
#WAEC #WAEC
Add your answer
No responses