Which of the following would be an appropriate description of 40 received by Rahim for his first

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Which of the following would be an appropriate description of £40 received by Rahim for his first car wash job?

(a) Revenue expenditure of £40

(b) Capital expenditure of £40

(c) A capital receipt of £40

(d) A revenue receipt of £40

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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