Capital Expenditure
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Answer / chetan kangare
Capital Expenditre is those expenditure which added that
life of any asset for eg. Repairs Machinery aded there
production capacity is treted as Captial Expenditure.
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / sandeep
Capital Expenditure is a exp. which is not nonrecurring in nature, not repetitive.
Ex: purchase of Machinery for for Business.
Revenue Exp is those which are of recurring in nature, regular business expenses,.
Ex: White washing of office building...
| Is This Answer Correct ? | 1 Yes | 3 No |
what is journal entry for the credit sales and purchases
A new firm commenced business on 1st January, 2006 and purchased goods costing Rs. 90,000 during the year. A sum of Rs. 6,000 was spent on freight inwards. At the end of the year the cost of goods still unsold was Rs. 12,000. Sales during the year Rs. 1,20,000. What is the gross profit earned by the firm? (a) Rs. 36,000 (b) Rs. 30,000 (c) Rs. 42,000 (d) Rs. 38,000
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