Accounting cycles

General Accounting Principles

Title

45:30

Video Progress

8 of 24 completed

Notes Progress

5 of 15 completed

MCQs Progress

38 of 100 completed

Subjective Progress

8 of 20 completed

Continue to Next Topic

Indian Economy - Understanding the basics of Indian economic system

Next Topic

Download Solution PDF

When the installation charges of machinery are paid then under which account it be shown & on what side

Wages a/c , Dr side

Wages a/c , Cr side

Machinery a/c dr side

Machinery a/c , cr side

Explanation:

All of the costs incurred placing a piece of machinery into service essentially becomes part of the cost of the machinery.
So When the installation charges of machinery are paid then under Machinery a/c account it be shown dr side

By: Munesh Kumari

Profile ResourcesReport error

Trial Period Ended