Carriage Inward included in Creditor's Control Account?

by Eliya Jahari

Q: Is carriage inward included in the control account? And if so, on what side?

No, carriage inward is an expense on its own and would be recorded in its own account.

If the carriage inward (which is the expense of transporting assets in to your business) is owed to another business, then we record the contra account as creditor.

In this case the creditors control account would include this amount related to carriage inward (expense).

The entry would be:
DR Carriage inward
CR Creditors control

Hope that helps.

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