CARRIAGE INWARDS & OUTWARDS Flashcards
1
Q
CARRIAGE INWARDS
A
CARRIAGE INWARDS
.A business makes a purchase and incurs a delivery
charge. This is an EXPENSE and posted as a DEBIT
ENTRY.
2
Q
CARRIAGE OUTWARDS
A
CARRIAGE OUTWARDS
.When a customer buys goods from a business and the
business incurs delivery charges. This is an EXPENSE and
posted as a DEBIT ENTRY.
3
Q
CARRIAGE CHARGES
A
CARRIAGE CHARGES
.If a business includes carriage charges to a customer
then this is classified as ADDITIONAL INCOME and
posted as a CREDIT ENTRY.
