it is added to the cost of sales
it is debited to Trading A/cas carriage inward here rule debit what comes in credit what goes out applies
Carriage Inward Including when Raw Material Import/Purchase from other side to Factory or Production house on that time use Carriage inward ( Use Trading A/c) Carriage Outward when
Carriage inward :Occurs when a business has to pay for purchased goods to be delivered to it's Premises.Carriage Outward:Occurs when a business PAYS for sold goods to be delivered to it's customers premises.Carriage inward and outward are always debited and both must be treated as Expenses.
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
wage inward is a direct expense shown in Trading Account whereas wage outward is an indirect nature of expense debited to Profit & loss account.
debit
carriage inwards is part of the cost of purchasing goods as it occurs when a business has to pay for goods it has purchased to be delivered to its premises
Carriage inward refers to the transportation costs incurred by a business when purchasing goods from suppliers. It is added to the cost of inventory and increases the cost of goods sold. Freight inward, on the other hand, refers to the cost of transporting the goods purchased from suppliers to the buyer's location. It is also added to the cost of inventory but is not included in the cost of goods sold.
carriage inwards is part of the cost of purchasing goods as it occurs when a business has to pay for goods it has purchased to be delivered to its premises
the amount we have to pay on the puerches of any product is called as carrige inward this cost will iclude in the cost of goods sold
CARRIAGE INWARD
the amount we have to pay on the puerches of any product is called as carrige inward this cost will iclude in the cost of goods sold