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.
More Financial Statement Analysis Questions
7, 8, 18, 57, 232, ?
16, 20, 11, 27, ?, 38
4, 4, 12, 60, ?, 3780
What will come in place of the question mark (?) in the following series?
110, 120, ?, 146, 162, 180
216, 81, 297, 378, ?, 1035, 1728
23 44 64 83 ? 118
...- What will come in place of (?) in the given number series.
2, 6, 18, 54, ?, 486 140, 146, 158, 176, ?, 230
18, 22, 28, 38, 54, ?,
5 12 26 47 ? 110
...
