Carriage outward is debited to___________

Related MCQs

• Following information is given ` Opening Stock 2,13,000 Purchase 16,55,000 Sales 21,32,000 Carriage Inwards 32,500 Carriage Outwards 38,600 Return Inwards 38,000 If the rate of gross profit is 25% on cost then value of closing stock will be
• ` 500 paid as cartage on new Plant and Machinery, this was debited to Carriage Inward A/c. This is an error of-
• Carriage out expenses are come under
• Carriage on goods purchased is shown in —
• ` 5,000 paid as local cartage on material purchased. However this amount was booked under Miscellaneous Expenses A/c instead of on Carriage Inward. Due to this error net profit and loss will—
• Outward Invoice issued is a source document of
• the depreciation charged on an asset is debited to
• When provision for depreciation account is maintained, the amount of depreciation is debited to
• When shares are forfeited the share capital account is debited by
• The share capital account is debited with …………while forfeiting shares