what is meant by carriage inwards and its accounting treatment 8
Carriage Inwards : Meaning, Accounting, Examples, Impact & FAQs Properly accounting for carriage inwards in ledger accounting ensures that the total cost of inventory is accurately reflected, which in turn affects the cost of goods sold and overall profitability. Carriage inwards, also known as freight-in, is a crucial element in the accounting of inventory costs. […]