Question
₹200 paid as wages for erecting a machine should be
debited to:Solution
Explanation: Wages paid for erecting a machine are part of the installation cost , which is a capital expenditure . It is added to the cost of the asset (Machine), not treated as a revenue expense like wages or repairs.
Which of the following statements is/are correct about the skill development programs in India?
1. Skill India Mission is an umbrella scheme laun...
MoCA has accorded 'in-principle' approval for setting up of 21 Greenfield Airports. What do you understand by Greenfield Airports?
Which of the following statements is/are correct?
1. GDP can both underestimate as well as overestimate the actual welfare of the economy.
...Which of the following grants / grant direct credit assistance to rural households?
1. Regional Rural Banks
2. National Bank for Agricul...
Which of the following can be defined as those that neither create any liability nor cause any reduction in the government's assets?
Which of the following statements is/are true with respect to the Non-Banking Financial Companies ?
I. A Non-Banking Financial Company (NBFC) is ...
In the parlance of financial investment the term ‘bear’ denotes
Which of the following Statements about the Ayushman Bharat Digital Mission is/are True?
I- It aims to provide digital health IDs for all Indian ...
Bank rate means?
Who is the MD & CEO of Central Depository Services ?
