WAEC Accounting 2018 Objective — Question 27
Question 27 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.
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A credit entry is made in the Plant and Machinery Account for the
- A. purchase of an additional plant and machinery
- B. maintenance of plant and machinery
- C. sale of plant and machineryCorrect
- D. appreciation of the plant and machinery
Explanation
A credit entry in the Plant and Machinery account is made when an asset (plant/machinery) is disposed of/sold.
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