New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Material costing Rs. 700 in the erection of the

    machinery and the wages paid for it amounting to Rs. 400 should be debited to:
    A Wages account. Correct Answer Incorrect Answer
    B Machinery account. Correct Answer Incorrect Answer
    C Purchases account. Correct Answer Incorrect Answer
    D Material account. Correct Answer Incorrect Answer

    Solution

    Material cost for erection of machinery and wages paid for it should be debited to Machinery A/c.

    Practice Next