For each of the following items of expenditure, state whether they are capital expenditure or revenue expenditure.
Question:
For each of the following items of expenditure, state whether they are capital expenditure or revenue expenditure.
a. Motor vehicle repairs.
b. Extension to business premises.
c. Redecorating the office premises.
d. Sign writing on a new van.
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ANSWER a Motor vehicle repairs Revenue Expenditure b Extension to bus...View the full answer
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Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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