Multiple Choice Questions on When the installation charges of machinery are paid then under which account it be shown amp on what........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

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

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

Wages a/c , Dr side

Incorrect Answer

Wages a/c , Cr side

Incorrect Answer

Machinery a/c dr side

Correct Answer

Machinery a/c , cr side

Incorrect Answer
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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

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