General Concepts

MCQ - 17-19

Question:

Carriage inwards is charged to the trading account because:

Carriage outwards goes in the profit and loss account
It is an expense connected with buying goods
It is not part of motor expenses
It is an expense connected with buying goods

Correct Answer: B

Explanation:

Not available

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Record Performance

355 MCQ for effective preparation of the test of General Concepts of Accounting section.

Read the MCQ statement: Carriage inwards is charged to the trading account because:, keenly and apply the method you have learn through the video lessons for General Concepts to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 17-19.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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