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Carriage Inward Including when Raw Material Import/Purchase from other side to Factory or Production house on that time use Carriage inward ( Use Trading A/c)

Carriage Outward when

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Q: What is the difference between carriage inwards and carriage outwards?
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Do you debit or credit carriage inwards in trial balance?

both carriage inwards and carriage outwards or debited in the trial balance


What is it called when a mirror bends inwards or outwards?

Convex when it bends outwards, concave when it bends inwards


What is the difference between freight outwards and freight inwards?

the transportation charge that we pay for is freight inward when we are importing something from suppliers, and is freight outward when we are selling to customers.


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Debit carriage inwardCredit cash


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Downwards of course and also inwards.


What is carriage inwards and how does it affect the income statement?

The carriage inwards is an expense added to purchases under COGS. It is a credit entry in the icome statement, thus it reduces the gross profit


Where does carriage inwards due go in the balance sheet?

debit side of the Trading and Profit & loss Account


What is another word for in and out?

Inwards and outwards is the only thing I can think of. Or inside and outside.


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Basically, the lungs exchange inwards of oxygen for outwards of waste gases.