Carriage inwards - accounts, Accounting Basics

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Explain Carriage inwards.

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Amy 2/12/2013 5:12:51 AM 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.

Amy

2/12/2013 5:12:51 AM

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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