A GLORIFIED ADHYAPAK
“Everybody is uninformed just on various subjects.” Will Rogers F or a Commerce student, the accounting terminology, such as ‘Carriage’, ‘Freight’, ‘Cartage’ or ‘Coolie Charges’ is a routine terminology. If an enterprise pays on transportation of goods, this expenditure is known as ‘Carriage’ or ‘Freight’ or ‘Cartage’ or ‘Coolie Charges’, depending upon the mode of transportation. If it is incurred on goods purchased, it is known as ‘Carriage/Freight/Cartage/Coolie Charges inward’. On the other hand, if it is incurred on goods sold, it is known as ‘Carriage/Freight/Cartage/Coolie Charges outward’. Every Commerce student learns this in eleventh standard itself. However, when I teach my final-year-degree students the distinction between ‘Carriage’, ‘Freight’, ‘Cartage’ and ‘Coolie Charges’, I, invariably, see a sparkle in their eyes… “We never bothered to know this distinction, Sir,” is their confession… “Not to worry, dudes,” I comfort them, “It’s mornin...