Carriage Inwards

FA – May 2016 – L1 – SA – Q15 – Financial Statements Preparation

A question on how to account for carriage inwards.

Question

Carriage inwards are:
A. Credited to the cost of sales
B. Debited to the cost of sales
C. Credited to the profit or loss
D. Debited to the profit or loss
E. Debited to equity

Answer

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Tags: Carriage Inwards, Cost of Sales, Expenses
Level: Level 1

Topic: Financial Statements Preparation
Series: MAY 2016

Question Tag: Carriage Inwards

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FA – May 2016 – L1 – SA – Q15 – Financial Statements Preparation

A question on how to account for carriage inwards.

FA – May 2016 – L1 – SA – Q15 – Financial Statements Preparation

A question on how to account for carriage inwards.

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Question Tag: Carriage Inwards

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FA – May 2016 – L1 – SA – Q15 – Financial Statements Preparation

A question on how to account for carriage inwards.

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FA – May 2016 – L1 – SA – Q15 – Financial Statements Preparation

A question on how to account for carriage inwards.

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