Question

A machinery was purchased for Rs. 1,00,000, Expenses incurred were – Brokerage 2% Repairs Rs. 1,500; Transport Rs. 3000; trial run Rs. 7,000; installation Rs. 4,500 After operating the machine for 11 months an amount of Rs. 8,000 was spent on repairs. Cost of machinery to be debited to Machinery A/c will be Rs. (a) 1,18,000 (b) 1,26,000 (c) 1,00,000 (d) 1,02,000

Answer 1

A machinery was purchased for Rs. 1,00,000, Expenses incurred were – Brokerage 2% Repairs Rs. 1,500; Transport Rs. 3000; trial run Rs. 7,000; installation Rs. 4,500 After operating the machine for 11 months an amount of Rs. 8,000 was spent on repairs. Cost of machinery to be debited to Machinery A/c will be Rs. 1,00,000.

So, the answer is :-

[C] 1,00,000 ✓✓

Answer 2

Hello Friend

Ans

Option.ac

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