The following appears in trading account except

Accounts - Principles of Accounts JAMB 2017

The following appears in trading account except

  • sales
  • carriage outward checkmark
  • carriage inward
  • opening stock

The correct answer is: B

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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