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Stationary/ Food Supplies

Give the word...

Question

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.

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Solution

Carriage inward

Explanation: The transport expenses incurred to carry the goods purchased by a firm are known as carriage inward and are shown on the debit side of the Trading Account (being direct expenses).

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