Which of the following is a trading account item?
...Which of the following is a trading account item?
Discount allowed
Discount recieved
Carriage outwards
Carriage inwards
Correct answer is 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
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
Use the following information to answer the given question MANUFACTURING AND TRADING ACCOUNTS ...
Which of the following is the basis of accounting in public service? ...
Depreciation of assets is provided for provided for in consideration of ...
UCHENNA ENTERPRISES: Balance sheet as at 31st December, 1993 \(\begin{array}{c|c} & N & N &a...
A partner who has full power of participating in the conduct of a partnership business is a ...
Repairs to air conditioners was debited to office equipment account. This is an error of ...
N Bank account 59,410 Capital account 50,000 Purchase account 20,000 Rent 2,500 Stationery 90 ...
Which of the following is used to service all operations of government? ...