The following appears in trading account except
B carriage outward
C carriage inward
D opening stock
Answer is B
carriage outward: it is the cost of transporting goods from the company to the buyer. it is on debit side of the profit and loss account because it is an expenses incurred on distributing the goods to customer.
Tag:2017 Jamb Accounting, Jamb, Jamb 2017 accounting questions and answers, Jamb 2017 financial accounting questions and answers, Jamb Accounting, Jamb accounting past questions, Jamb accounting past questions and answers, Jamb Accounts, Jamb financial accounting, Jamb financial accounting questions and answers, Jamb past questions and answers on accounting, Jamb past questions and answers on financial accounting, Joint Admissions and Matriculation Board