Maharashtra State BoardHSC Arts 11th
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State whether the following statement is True or False with reasons: Wages paid for installation of Machinery are debited to Wages A/c. - Book Keeping and Accountancy

MCQ
True or False

State whether the following statement is True or False with reasons:

Wages paid for installation of Machinery are debited to Wages A/c.

Options

  • True

  • False

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Solution

This statement is False.
Wages paid for installation of machinery is nothing but part of cost of machinery only, Therefore, it is to be debited to Machinery A/c. only.
  Is there an error in this question or solution?
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