Carriage inward means the transport expenses incurred to carry the goods purchased by the firm.

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A True
Carriage inwards is the expense paid by firm while purchasing the goods like transporation of goods, Transporting goods from one place to another needs conveyance and firm has to pay for the conveyance Thus, the given statement is true.

Suggest Corrections

Similar questions

Q. Give the word / term or phrase which can substitute each of the following statement.

The transport expenses incurred to carry the goods purchased by the firm.

Q. Direct expenses means expenses directly related to production of goods and purchases of goods.

Q. Given the following data:
Gross profit Rs.

6, 700

; Carriage Inwards Rs.

250

; Commission received Rs.

575

and other expenses Rs.

3, 600

. The net profit of the firm would be:

Q. Assuming no returns outwards or carriage inwards, the cost of goods sold will be equal to _______.

Given the following data: Purchases Rs. 4,500, Returns outwards Rs. 300, Returns inwards Rs. 150, Carriage outwards Rs. 830, Carriage inwards Rs. 260, Opening stock Rs. 935, and closing stock Rs. 1,100. The value of the cost of goods sold is:

Join BYJU'S Learning Program

Carriage inward means the transport expenses incurred to carry the goods purchased by the firm.

The correct option is A TrueCarriage inwards is the expense paid by firm while purchasing the goods like transporation of goods, Transporting goods from one place to another needs conveyance and firm has to pay for the conveyance Thus, the given statement is true.

The correct option is A True
Carriage inwards is the expense paid by firm while purchasing the goods like transporation of goods, Transporting goods from one place to another needs conveyance and firm has to pay for the conveyance Thus, the given statement is true.