Question

plant specially purchased for the contract is debited to??
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Answer 1

Answer:

When a portion of the plant is returned to the store, the contract is credited with the depreciated value of that part. If the plant is sold, the full value is debited to the contract and credit must also be given to the contract. When the plant is lost or destroyed, it will be transferred to profit and loss account.

Explanation:

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Answer 2

Answer:

contract account is the correct answer