WAEC Accounting 2017 Objective — Question 18
Question 18 of 50 from the West African Examinations Council (WAEC) Accounting 2017 Objective paper, with the correct answer and a full explanation.
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18. The cost of transporting purchased goods to the warehouse is charged to
- A. A. Profit and Loss Account
- B. B. Appropriation Account
- C. C. Trading AccountCorrect
- D. D. Income Surplus Account
Explanation
The cost of transporting goods to warehouse is carriage inward account and it is added to purchases in the trading account.
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