Accounting for IGCSE & O level - Final Statements (Section 6 - No. 29)
Which accounts are affected by the recording of carriage inwards?
Purchases and Carriage Inwards
Sales and Carriage Inwards
Carriage Inwards and Inventory
Carriage Outwards and Purchases
Explication
Carriage Inwards affects the purchases account by increasing it and Carriage Inwards account itself.