Fiscal Policy. Fiscal Policy refers to the use of the spending levels and tax rates to influence the economy. It is the sister strategy to monetary policy which deals with the central bankâs influence over a nationâs money supply. The governing bodies use combinations of both these policies to achieve the desired economic goals.
Definition of carriage trade. : trade from well-to-do or upper-class people; also : well-to-do people.
The carriage inwards a/c is written off to the trading account at the end of the accounting period. When the buyer sells the goods to his customer, he does further delivery charges. This cost is referred to as the âcarriage outwardsâ. This costs are debited to the carriage outwards a/c in the general ledger. Any carriage outwards charges are included in an item called âselling and distribution costsâ. Since this cost is incurred after the goods have been made ready for sale, the account is written off to the p&l a/c at the end of the accounting period.