Instalation chrges on machinery debited to repairs and
maintenance a/c.is it correct,if not correct write the
rectification entry
Answers were Sorted based on User's Feedback
Answer / waqas
let machinery cost is 10000
let installation charges is 1000 it will be added in cost as
machinery 11000
cash 11000
all charges include in cost before its work.
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / g.rajagopalan
Machinery A/c Dr.
To Repair & Maintenance A/c Cr
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / t.r. mohanty
Machinery A/c Dr.
To Cash/Bank A/c Cr.
(in case of payment of instalation charges)
Is This Answer Correct ? | 1 Yes | 3 No |
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