Question 11
Final Accounts of a Sole TraderWhich of the following is a Trading Account item?
- A.Discounts allowed
- B.Discounts received
- C.Carriage outwards
- D.Carriage inwards
Show the answer and explanation
Answer: D (Carriage inwards)
Explanation
Carriage inwards is part of the cost of getting goods in, so it goes to the trading account. The others go to profit and loss.