Search SchoolNGR

Thursday, 02 April 2026
Register . Login

Which of the following is a trading account item?

Which of the following is a trading account item?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Discount allowed
  • B Discount recieved
  • C Carriage outwards
  • D Carriage inwards
Correct Answer: Option D
Explanation:
Carriage inwards is the shipping and handling costs incurred by a company that is receiving goods from suppliers. It is added to the cost of purchase and recorded in the trading account

Share question on: