Accounting 0452 · IGCSE · Capital and revenue expenditure and receipts

Capital and revenue expenditure and receipts — practice question

John paid the following amounts when he bought a machine. purchase of machine $10000$ delivery charge $1200$ insurance $800$ installation charge $900$ pre-paid maintenance charge $400$ How much ought to have been debited to the machinery account?

  • A$10900$
  • B$11200$
  • C$12100$
  • D$12500$

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