Difference Between Returns Inwards And Returns Outwards

August 11th, 2006 Comments off
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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.

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Financial Accounting

 
 

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