Teaching UP TGT Mock Test Series 2025 Accountancy Trading and Profit & Loss Account

Which of the following statements is INCORRECT?

1
Opening inventory is written on the debit side of the Trading Account.
2
Direct expenses are written on the debit side of the Trading Account.
3
Turnover is written on the credit side of the Trading Account.
4
Freight inwards are written on the credit side of the Trading Account.
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