v, An amount spent for inaguration of new factory building
is
A, revenue expenditure
B, capital expenditure
c, prepaid expenditure
d, none of the above
Answer Posted / chetana hegde
B, Capital expenditure
Is This Answer Correct ? | 18 Yes | 3 No |
Post New Answer View All Answers
all ques. related to accounts?
What is royalty reserve?
sir ,can effect on wbs element after wbs selected in t code : FBCJ for cash receipt?
What do we mean by Redemption of shares and debentures?
hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards
Tell us why did you select accounting as your profession?
Tell me in balance sheet, where do you show tds?
What is a cpa?
What is Capital Commitments means?
Define depreciation and its types?
Spinoff,Spelloff
Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP
contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
What is accounting & why it is used?