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Question
Wages paid for erection of a machinery are debited to ______.
Options
Wages Account
Trading Account
Machinery Account
MCQ
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Solution
Wages paid for erection of a machinery are debited to Machinery Account.
Explanation:
Capital expenditure is incurred for the acquisition or erection of fixed assets to be used in the business.
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Difference Between Capital Expenditure and Revenue Expenditure
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