New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    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.

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