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Carriage inwards means what

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Carriage inwards means what

    • Posted by Pradeep Hitnalli 6 years ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Nishita Jaisalmeria 6 years ago

    Sales return

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    Pradeep Hitnalli 6 years ago

    Thanku

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    Yogita Ingle 6 years ago

    Carriage inwards refers to the transportation costs required to be paid by the purchaser when it receives merchandise it ordered with terms FOB shipping point. Carriage inwards is also known as freight-in or transportation-in.

    Carriage inwards is considered to be part of the cost of the items purchased. Hence, for inventory items carriage inwards will be part of the cost of the goods available, the cost of inventory, and the cost of goods sold.

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