Journal entry for wages paid Rs. 5,000 for installation of plant will be
A) Dr. Plant Repairs A/c and Cr. Cash A/c Rs. 5,000
B) Dr. Wages A/c and Cr. Cash A/c Rs. 5,000
C) Dr. Plant A/c and Cr. Cash A/c Rs. 5,000
D) None of the Above
Correct Answer:
Verified
Q40: When a machinery is purchased for cash,
Q41: Rules of revenue recognition determine that earning
Q42: Value of goods withdrawn by the proprietor
Q43: M/s Stationery Mart will debit the purchase
Q44: Goods distributed as free samples is debited
Q46: Interest of Drawings is:
A)Expenditure for the business
B)Expense
Q47: Drawings account is the nature of
A)Personal Account
B)Real
Q48: Outstanding Salaries are shown as:
A)An Expense
B)A Liability
C)An
Q49: Income tax paid by a sole proprietor
Q50: The Income created but not yet received
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents