Daily Archives: December 13, 2018

Financial Accounting

What is DayBook

Journal or Day book; Journal word is derived from the Latin-French word “Jour”. Jour means day and journal means daily. This is the first step of accounting. Here in the day book, every transaction of the day is entered as per classification ...
Financial Accounting

Carriage Inwards and Freight In

What is Carriage inward or Freight in? Transportation cost of goods from one place to another place is called freight in or Carriage inwards, which is paid by the buyer. In Accounting it is a direct cost. If goods purchased ...