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WAEC Accounting 2012 Objective — Question 11

Question 11 of 50 from the West African Examinations Council (WAEC) Accounting 2012 Objective paper, with the correct answer and a full explanation.

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Which of the following is a Trading Account item?

  • A. Discount allowed
  • B. Discount received
  • C. Carriage outwards
  • D. Carriage inwardsCorrect

Explanation

Carriage inward will be added to purchases in the trading account.

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