Accountancy, asked by hamedalshrif751, 1 year ago

Wages include 1000 paid for installation of machinery in final accounts

Answers

Answered by Utpal8621027774
2

Explanation:

in final account if this is given in adjustment

Answered by DevendraLal
3

If this adjustment is given in final account we will add 1,000 rupees to machinery account and will deduct 1,000 from wages .

This is an error which we need to rectify, as by mistake the  charges of fitting the machinery has been included in wages.

So, to rectify this error we will deduct 1,000 from wages and  we will add 1,000 to machinery account.

                           

 

Similar questions