Carriage inwards - accounts, Accounting Basics

Explain Carriage inwards.

Posted Date: 2/12/2013 5:12:01 AM | Location : United States

When goods are purchased from a supplier the cost of transporting the goods from the supplier is known as the carriage inwards. This cost arises from the purchases of goods and is therefore charged to the trading account as part of the cost of sales.

Posted by Amy | Posted Date: 2/12/2013 5:12:51 AM

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