- Wages of workmen employed for setting up new machinery should be debited to:
- expenses account
- wages a/c
- machinery account
- cash account
- Ram is paid Rs 200 for repairs of a second hand machinery. The amount paid should be debited to
- Ram a/c
- Machinery a/c
- cash a/c
- repairs a/c
Do these types of questions confuse you? The above questions form part of basic accounting procedures for recording transactions.
Yuva Upanishad foundation is holding free class of Basic accounting procedures, journal entry, rules of debit and credit on 2nd March 2014.
For more details and attending the class do give us a call on 07600273309. See you this Sunday.