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CA CPT Jun 2017 Question Paper Fundamentals of Accounting for online practice

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Question : 10

Total: 60

A machinery was purchased for Rs. 1,00,000, Expenses incurred were – Brokerage2% Repairs Rs. 1,500; Transport Rs. 3000; trial run Rs. 7,000; installation Rs. 4,500After operating the machine for 11 months an amount of Rs. 8,000 was spent onrepairs. Cost of machinery to be debited to Machinery A/c will be Rs.

1,18,000
1,26,000
1,00,000
1,02,000

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