Question on: JAMB Accounting - 2017
The following appears in trading account except
A
sales
B
carriage outward
C
carriage inward
D
opening stock
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Correct Option: B
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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