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CBSE Class 11-commerce Answered

Paid 4000 in cash as wages on installation of Machine Pass journal entry

Asked by makrkr121 | 18 Aug, 2018, 11:32: AM

Expert Answer

Expenditure incurred on carriage and installation of machinery or on construction of building , e.g., freight, wages paid for installation of machinery, purchase of construction material for building, wages for construction of building, etc. are treated as CAPITAL EXPENDITURE and debited to "Machinery or Building Account".

Accordingly entry to record above transaction would be.

Machinery A/c Dr. 4,000

To Cash A/c 4,000

Answered by | 20 Aug, 2018, 09:54: AM

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