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Explain Carriage inwards.
Q. Explain Weighted-average inventory? Weighted-average: Ensuing inventory is priced using a weighted-average unit cost. In perpetual inventory procedure a new weighted-average
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A method of expressing the relationship between one accounting result and the other, which is intended to give a useful comparison. Accounting ratios helps in measuring the efficie
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It dates from the development of huge scale business and the advent of Joint Stock Company as a form of business that enables the public to participate in giving capital in return
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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.
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