Question
Rs 1000 paid for installation of a new machine is debited to Repairs account. Which accounts shall be debited & credited?
Answer: Option A
:
A
Rectification entry shall be;
Machinery A/c Dr Rs 1,000
To Repairs A/c Rs 1,000
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:
A
Rectification entry shall be;
Machinery A/c Dr Rs 1,000
To Repairs A/c Rs 1,000
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