If wages are paid for construction of business premises ______ A/c is credited
and _____ A/c is debited.
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If wages are paid for construction of business premises, cash A/c is credited and premises A/c is debited.
- In order to pay wages for construction, the wages are debited to the premises account.
- An asset to use is added to the cost of machinery.
- On the other hand, the reason for crediting a cash account, in such a case, is for incurring the wages.
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If wages are paid for construction of business premises, cash A/c is credited and premises A/c is debited.
In order to pay wages for construction, the wages are debited to the premises account.
An asset to use is added to the cost of machinery.
On the other hand, the reason for crediting a cash account, in such a case, is for incurring the wages.
Explanation:
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