For the business of H Ward, a food merchant, classify the following between capital and revenue expenditure (a) Repairs to meat slicer (b) New tyre for van (c) Additional shop counter (d) Renewing signwriting on shop (e) Fitting partitions in shop (f) Roof repairs (g) Installing thief detection equ...

Sure Id be happy to help you classify each of these expenditures as either capital or revenue expenditure and explain the reasoning behind each classification a Repairs to meat slicer Revenue Expendit ...

For the business of H Ward, a food merchant, classify the following between capital and revenue expenditure:

Question:

For the business of H Ward, a food merchant, classify the following between ‘capital’ and ‘revenue’ expenditure:

(a) Repairs to meat slicer.

(b) New tyre for van.

(d) Renewing signwriting on shop.

(e) Fitting partitions in shop.

(f) Roof repairs.

(g) Installing thief detection equipment.

(h) Wages of shop assistant.

(i) Carriage on returns outwards.

(j) New cash register.

(k) Repairs to office safe.

(l) Installing extra toilet.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

See More Books

Question Posted: Aug 19, 2023 06:10 AM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
Emily Jackson (Social Security number 765-12-4326) and James Stewart (Social Security number 466-74-9932) are partners in a partnership that owns and operates a barber shop. The partnership's first...
For the business of J Charles, wholesale chemist, classify the following between capital and revenue expenditure: (a) Purchase of an extra van. (b) Cost of rebuilding warehouse wall which had fallen...
1. Find the general indefinite integral (x +x)dx 2. Find the general indefinite integral (u +4)(2u +1)du 7/4 1+cos? 0 de cos 0 3. Evaluate the integral . 4. Evaluate the integral by making the given...
ICOT Industries issued 15 million of its $1 par common shares for $424 million on April 11. Legal, promotional, and accounting services necessary to effect the sale cost $2 million. Required: 1....
What is prepayment risk? How does prepayment risk affect the cash flow stream on a fully amortized mortgage loan? What are the two primary factors that cause early payment?
If Indian Telecom Company earned INR 350,000 (Indian rupee) in net income, and paid cash dividends of INR 70,000, what are Indian Telecoms earnings per share if it has 100,000 shares outstanding?
Refer to the information in Problem 6-33. Assume the following: Pet Luggage (PL) does not make any sales on credit. PL sells only to the public, and accepts cash and credit cards; 90% of its sales...
For this exercise, instead of using the values in the challenge, ask the user for the number of shares, the share price, and the percent commission.For this exercise, instead of using the values in...
Classify the following items as either revenue or capital expenditure: (a) An extension to an office building costing 24,000. (b) The cost of replacement valves on all the labelling machines in a...
(a) Distinguish between capital and revenue expenditure. (b) Napa Ltd took delivery of a microcomputer and printer on 1 July 20X6, the beginning of its financial year. The list price of the equipment...
Determine the moment of inertia for the shaded area about the x axis. -y? = 1 - x 1 m 1 m 1 m -
The activities are carried out by the following three persons: Administrative support person: filing and writing. Senior accountant (who is also the owner): initial meeting, review by senior...
Explain how an increase in the real interest rate, with no changes to other factors that affect aggregate expenditure, impacts aggregate expenditure and how this interest rate increase is shown on...
.. Solve the following equation by factoring: x(x-11) + 28 = 0
Japanese corporations have a higher rate of premature return of expatriates than us Americans true or false?
An investor purchases an inflation protection security with a par value of R200000 and a coupon rate of 4% and the annual inflation is 3% what would be the coupon payment on this security coupon rate...
A 1-Mbyte block of memory is allocated using the buddy system. a. Show the results of the following sequence in a figure similar to Figure 7.6: Request 70; Request 35; Request 80; Return A; Request...
Consider the reaction of acetic acid in water CH 3 CO 2 H(aq) + H 2 O(l) CH3CO 22 (aq) + H 3 O + (aq) where Ka 5 1.8 3 1025. a. Which two bases are competing for the proton? b. Which is the stronger...
Explain clearly the difference between capital expenditure and revenue expenditure. State which of the following you would classify as capital expenditure, giving your reasons: (a) Cost of building...
The data which follows was extracted from the books of account of H Kirk, an engineer, on 31 March 20X6, his financial year end. You are required to allocate each or part of the items above to either...
On what principles would you distinguish between capital and revenue expenditure? Illustrate your answer by reference to the following: (a) The cost of repairs and an extension to the premises. (b)...
1. Researchers wanted to see how two new varieties of fish food compare to a commonly used food. They took 180 similar fish and assigned them randomly to three different tanks. The fish in tank 1...
LPMI, an exchange traded fund, provides investors with daily results equal to 250% of the performance of the Precious Metals Index. The daily returns of the Precious Metals Index over the prior five...
You have two call options for the same share. The first has an expiry date in 1 month and the second in 1 year. Implied volatility for the underlying share is high. Everything else being equals,...

For the business of H Ward, a food merchant, classify the following between capital and revenue expenditure:

Question:

Step by Step Answer:

Sure Id be happy to help you classify each of these expenditures as either capital or revenue expenditure and explain the reasoning behind each classification a Repairs to meat slicer Revenue Expendit...View the full answer

Frank Woods Business Accounting Volume 1

Students also viewed these Business questions