Carriage inwards refers tothe transportation costs required to be paid by the purchaser when it receives merchandise itordered with terms FOB shipping point. Carriage inwards is also known as freight-in or transportation-in. Carriage inwards is considered to be part of the cost of the items purch...
What is the Accounting Impact and Profitability Impact of Both Carriage Inwards and Carriage Outwards? The carriage inward in trading accounts is accounted for in the books of accounts of the buyer, while the carriage outwards is accounted for in the books of the accounts of the seller. The ca...
Answer:The alternate terms of carriage inward are freight inwards, transportation inwards, or shipping cost. Q2. Is carriage inward debit or credit? Answer:When doing accounting, the company records or enters carriage inwards as a debit in the cash book, like direct expense. (Dr.). Q3. What...
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