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Instalation chrges on machinery debited to repairs and
maintenance a/c.is it correct,if not correct write the
rectification entry
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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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