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Q. |
XYZ Ltd. Paid wages of ` 8,000 for erection of machinery. The journal entry for the transaction is |
A. | Debit wages and credit cash |
B. | Debit machinery and credit cash |
C. | Debit wages and credit erection charges |
D. | Debit machinery and credit erection charges |
Answer» B. Debit machinery and credit cash |
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