Accounts (Principles of Accounts)Final accounts of a sole traderJAMB
Carriage inwards is treated in the final accounts as
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Answer: B. an addition to the cost of purchases in the trading account
Carriage on goods bought is part of the cost of getting stock; carriage outwards goes to profit and loss.
An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.