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प्रश्न
The accountant of Gupta & Co. Ltd. has to pass an entry for Carriage Inwards. Where would he post the entry?
पर्याय
Debit side of Profit and Loss Account
Debit side of Trading Account
Credit side of Trading Account
Liabilities side of Balance Sheet
MCQ
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उत्तर
Debit side of Trading Account
Explanation:
Carriage Inwards refers to transportation costs for bringing goods into the business. Since it’s a direct expense related to purchases, it is recorded on the debit side of the Trading Account.
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