Freight inward appearing in Trial Balance are shown:

On the debit side of Profit & Loss Account

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On the debit side of Trading Account

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On the liabilities side of the Balance sheet

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None of these

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Solution

The correct option is B On the debit side of Trading Account
Trading account records manufacturing or direct expenses, freight inwards is the freight paid on goods bought for manufacturing or resale. It is a direct expense and is thus debited to the trading account.

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Freight inward appearing in Trial Balance are shown:

The correct option is B On the debit side of Trading AccountTrading account records manufacturing or direct expenses, freight inwards is the freight paid on goods bought for manufacturing or resale. It is a direct expense and is thus debited to the trading account.

The correct option is B On the debit side of Trading Account
Trading account records manufacturing or direct expenses, freight inwards is the freight paid on goods bought for manufacturing or resale. It is a direct expense and is thus debited to the trading account.