2021 · Q107
Wages paid for installation of machinery is debited to which one of the following accounts?
General Accounting Principles, Auditing and InsuranceFinal accounts
- AWages Account
- BMachinery Account
- CInstallation Account
- DProfit and Loss Account
Explanation
Wages paid for installation of machinery is typically debited to the Machinery Account or to the Installation Expenses Account, depending on the specific accounting treatment chosen by the company.