Difference Between Returns Inwards And Returns Outwards

August 11th, 2006 Comments off
Share |

Carriage Inwards:
  • The transport costs of goods received by a company.

Accounting Treatment:

  • Should be taken up in the Purchases figures as it is part of the cost of the goods being purchased.
Carriage Outwards:
  • The transport costs of company’s goods to its customers.

Accounting Treatment:

  • Should be taken up as expenses in the Income Statement.

Comments are closed now.

Financial Accounting


Advertise Here | Brain Teasers/Puzzles | Greeting Cards | Inspirational Quotes | Jokes/Humor | Useful Links | Motivational Stories | Resource | Shopping | Share/Express Your Views | Testimonials | Universities/Colleges | Words of Wisdom from Religions | FREE POSTING OF ACCOUNTING & FINANCE JOBS VACANCY|