Wages paid for erection of new plant (machinery) should be debited to:Wages accountO Cash accountO Plant accountO None of the above

The cost incurred for fixed assets can be classified as capital expenditure and revenue expenditure.…

Answered: Wages paid for erection of new plant…

Wages paid for erection of new plant (machinery) should be debited to Wages account Cash account Plant account None of the above

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter2: Audits Of High-risk Accounts

Section2.9: Powder River Petroleum International, Inc.

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Wages paid for erection of new plant (machinery) should be debited to:
Wages account
O Cash account
O Plant account
O None of the above

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