Question

paid freight and carriage on machinery entry??

Answer 1

Explanation:

A machinery purchased is useless until it is brought to the business. As machinery is a fixed asset and transportation paid is an additional cost to the machinery, so it is a capital expenditure and hence debited to machine account.

Answer 2

Answer:

A machinery purchased is useless until it is brought to the business. As machinery is a fixed asset and transportation paid is an additional cost to the machinery, so it is a capital expenditure and hence debited to machine account.

Explanation:

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