wages paid for erection of machinery is debited to..........A/c
a) Machinery b) Wages
c) Cash d) None of these
Please explain in detail.........??
3 Replies
Dev
(Article Trainee.)
(613 Points)
Replied 24 July 2012
Debited to Machinary a/c.. As wages paid for erection.. Capital expenditure..
Harish Kumar
(IPCC)
(475 Points)
Replied 24 July 2012
| Originally posted by : Devesh | ||
 |
Debited to Machinary a/c.. As wages paid for erection.. Capital expenditure.. |
 |
thanx.....bro........!!
cmumanjunath
(IPCC STUDENT)
(47 Points)
Replied 24 July 2012
wages paid to errection of machinery is a capital expenditure.because wages incuured to install the machine in factory.but wages paid after the installation of machinery is revenue expenditure. so machinery a/c dr - to cash a/c. i hope u got the answer
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
CAclubindia
