WAEC Financial Accounting 2022 Question 47

Use the following information to answer questions 45 to 47
Trading Account of Umeh Enterprises for the year ended 31st December 2019 (GH¢)
Opening Stock 10,000
Purchases 120,000
130,000
Closing stock (22,800)
Cost of goods sold -----
Gross profit -----
196,000
Sales 200,000
Less: (4,000)
196,000
The GH¢4,000 on the credit side is

1. A.carriage inwards
2. B.carriage outwards
3. C.returns inwards
4. D.returns outwards