A

Admin • 802.91K Points
Coach

Q. Freight charges on purchase of machinery should be:

  • (A) Charged to Freight A/c
  • (B) Debited to Profit & Loss A/c
  • (C) Added to Machinery A/c
  • (D) Credited to Cash A/c
  • Correct Answer - Option(C)
  • Views: 3
  • Filed under category Accounting
  • Hashtags:
Explanation by: Admin
Freight on asset purchase is added to the asset cost as per the cost concept.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.