XYZ Ltd. Paid wages of ` 8,000 for erection of machinery. The journal entry for the transaction is
A) Debit wages and credit cash
B) Debit machinery and credit cash
C) Debit wages and credit erection charges
D) Debit machinery and credit erection charges
Correct Answer:
Verified
Q4: Which of the following is true?
A)The payment
Q5: Which of the following statements is/are true?
(i)
Q6: Trade discount allowed at the time of
Q7: The Periodical total of the Sales Return
Q8: If the Petty Cash fund is not
Q10: Purchase of goods on credit
A)Increases Liabilities
B)Increases Assets
C)Increases
Q11: Which of the following is not an
Q12: The process of balancing of an account
Q13: Ledger is also called
A)Principal book of accounts
Q14: Which of the following transactions of a
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