Maharashtra State BoardHSC Commerce 11th
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Answer in One Sentence only: Which account is debited when expenses are paid on installation of Machinery? - Book Keeping and Accountancy

One Line Answer

Answer in One Sentence only:

Which account is debited when expenses are paid on installation of Machinery?

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Solution

Machinery account is to be debited when expenses are paid on installation of machinery.

Concept: Methods of Depreciation
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Chapter 7: Depreciation - Exercise Q.1 [Page 241]
Q 10
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Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 7 Depreciation
Exercise Q.1 | Q 10 | Page 241
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