Classify the following b/w Capital and revenue expenditure giving reasons for the same: a) Rs 5000 Spent
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Question:
Classify the following b/w Capital and revenue expenditure giving reasons for the same:
a) Rs 5000 Spent towards additions to the Machinery
b) Second Hand Motor Car Purchased for Rs 10000 & spent Rs 1000 for repairs immediately.
c) Premium Paid for a lease 1000
Related Book For
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
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