The following costs relate to the running of a sports shop that specialises in selling golf clubs.

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Classify these into either capital or revenue expenditure and provide a total for each category. image text in transcribed

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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Question Posted: Mar 08, 2024 07:00 AM

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The following costs relate to the running of a sports shop that specialises in selling golf clubs.

Question:

Purchase of golf clubs for resale Cost of installing fittings in shop Wages paid to shop assistant Insurance of premises Delivery costs for golf clubs Legal costs of setting up business 1,990 5,488 1,656 868 143 870

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Capital expendit...View the full answer

Frank Woods Business Accounting Basics

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