Carriage inward expenses of a business is treated in
Question 1 Report
Carriage inward expenses of a business is treated in
Answer Details
Carriage inward expenses of a business are expenses incurred in transporting goods and materials from the supplier to the business's premises. Since these expenses are directly related to the purchase of goods and materials, they are treated as part of the cost of goods sold and are included in the calculation of the cost of goods sold in the trading account. Therefore, the answer is trading account.
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