Final answer:
Delivery outwards is recorded under Selling and Distribution Expenses on the Income Statement, which includes details of a company's revenues and expenses over a certain period.
Step-by-step explanation:
"Delivery outwards" refers to the cost associated with delivering goods to customers, and it is generally classified on a company's financial statements under Selling and Distribution Expenses. This item should be recorded on the Income Statement (also known as the Statement of Profit and Loss, or SPL) rather than the Statement of Financial Position (SFP), which is also known as the Balance Sheet. The Income Statement provides information on the company's revenues and expenses during a specific period, while the Statement of Financial Position provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.