Which of the following is charged to trading account?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option C
Explanation:
Carriage inwards is the cost of transportation charged on goods purchased. It must be added to the goods purchased, hence it is debited to trading account.
Carriage inwards is the cost of transportation charged on goods purchased. It must be added to the goods purchased, hence it is debited to trading account.