Question

What shall be the value of debit in machinery account in this case?

Cost of Machine: Rs 100000

Taxes : Rs 10,000

Carriage Inwards : Rs 500

Wages for Installation : Rs 500

• A. Rs 1,00,000
• B. Rs 1,10,000
• C. Rs 1,15,000
• D. Rs 1,11,000

Answer 1

The correct option is D

Rs 1,11,000

All the above shall be included in the value of machine to be debited.