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Q.

Carriage inwards is shown in the statement of profit and less under

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21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!
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a

Employees benefit expenses

b

Other expenses

c

None of the above

d

Cost of materials consumed

answer is B.

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Detailed Solution

Charges incurred for freight and transportation while purchasing goods are known as carriage inwards. It is treated as a different type of direct expense.

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