A

Admin • 833K Points
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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: 19
  • Filed under category Accounting
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Explanation by: Admin

Freight on asset purchase is added to the asset cost as per the cost concept.

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