For the following items, decide in each case whether they are a capital or revenue receipt: (a)

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For the following items, decide in each case whether they are a capital or revenue receipt:

(a) Sales of sofas by furniture retailer

(b) Sale of cash till by a car retailer

(c) Loan taken out by sports retailer

(d) Interest received by clothing shop

(e) Sale of shop counter by fast food shop fitter

(f ) Sale of houses by property estate management company.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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