What is carriage inwards?

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and whats carriage outwards and please differentiate both.
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  • Sandy answered 5 years ago
Carriage inwards (aka transportation-in) is the freight you pay when you buy goods. It's part of the cost of merchandise inventory purchased, and will ultimately end up in COGS.

Carriage outwards (aka transportation-out or delivery charges) is the freight you pay when you sell goods. It's part of selling expenses, which is part of operating expenses. It does not affect gross profit.

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4 out of 5
thanks a lot.very precise and accurate answer
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