CameraIcon

SearchIcon

MyQuestionIcon

58

You visited us 58 times! Enjoying our articles? Unlock Full Access!

Changes in Trade Receivables

Which of thes...

Question

Which of these a/c is closed by transferring to debit side of Trading a/c?

A

Rent a/c

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

B

Carriage inward

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

C

Depreciation on plant

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

D

Factory rent

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

Open in App

Solution

The correct option is B Carriage inward
The carriage inward account is written off to the trading account at the end of accounting period. When the buyer sells the goods to his customer, he incurs further delivery charges. The cost is referred to as "carriage outward".

Suggest Corrections

thumbs-up

0

Similar questions

Q. Payment of rent is debited to cash A/c.

Q. Rent paid to landlord amounting to Rs. 500 was credited to Rent A/c with Rs. 5,000. In the rectifying entry Rent A/c will be debited with:

Q. Solve.
P left, his carriage on D's premises and D's landlord seized the, carriage for non-payment of the rent P paid the rent to obtain the release of his carriage. Could P recover the amount from D?

Q. Neha, a partner, owns a building in which the firm carries its business. The firm pays her

R s . 10, 000

as rent of the building. To which account rent will be debited?

Q. The Manufacturing Account is closed by transferring its balance to the debit side of the _____________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Let’s Solve the Puzzle

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Changes in Trade Receivables

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon