Accounting for IGCSE & O level - Final Statements (Section 11 - No. 8)
What does a debit balance for carriage inwards indicate?
An increase in the cost of purchases.
A decrease in the cost of purchases.
A credit to the purchases account.
A gain on the sale of goods.
Explicaţie
A debit balance for carriage inwards indicates an increase in the cost of purchases.