?WHAT IS THE DIFFERENCE BETWEEN CARRIAGE OUTWARD & CARRIAGE INWARD
Carriage Outward refers to the expenses incurred in sending sold goods to the customers. In this regard, the distinction between carriage inward and carriage outward should be noted. Carriage Inward indicates the expenses of bringing in goods/raw material purchased by the business and hence debited to Trading A/c. But carriage outward indicates the expenses incurred in sending sold goods and so debited to profit & loss account.