Accounting for IGCSE & O level - Final Statements (Section 2 - No. 7)
What does the term "carriage inwards" mean?
The cost of transporting goods to the customer.
The cost of transporting goods from the supplier.
Sales returns for the department.
Money spent on marketing the product.
Explanation
Carriage inwards refers to the cost of transporting goods purchased to the business.
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