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WAEC Financial Accounting 1998 Question 47

Question 47

Final Accounts of a Sole Trader

Carriage outwards is the amount spent on transporting

  1. A.goods sold
  2. B.goods purchased
  3. C.goods returned to stock
  4. D.excess stock
  5. E.goods for manufacture.
Show the answer and explanation

Answer: A (goods sold)

Explanation

Carriage outwards is the cost of delivering goods to customers.