Options:
A.
B.
C.
D.
Sign in to view the correct answer and detailed explanation.
Study with fewer interruptions on Android
Use Ulearngo on a verified device for smoother past-question study.
Ulearngo is an independent study app. It is not affiliated with, endorsed by, or representing West African Examinations Council (WAEC). Always confirm official exam, admission, registration, syllabus, timetable, and result information from WAEC official website, WAEC Nigeria.
Earlier discussion
1 older comment kept for context.
Oluwaseun Adeyemi
Carriage outwards refers to the seller's cost of delivering goods to the buyer. Carriage outwards is the expense of the seller when the terms of the sale are FOB destination. Under the accrual method of accounting, the cost of carriage outwards should be reported on the income statement as an operating expense in the same period as the sale of the goods.
It is charged with profit and loss account.