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प्रश्न
Legal expenses incurred to purchase land are ______.
पर्याय
Capital expenditures
Recurring expenditures
Revenue expenditures
None of these
उत्तर
Legal expenses incurred to purchase land are Capital expenditures.
Explanation:
- Capital expenditure means the expenditure the benefit of which is not exhausted within the current year but is enjoyed over a long time period.
- Expenses incurred in connection with the purchase of land or building such as fees paid to lawyer or registration fee.
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संबंधित प्रश्न
Capital expenditure is incurred for ______.
Purchased a computer for office is which type of expenditure?
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Capital Expenditure | i | Repairs costing ₹ 600 carried out on a boiler. |
| (b) | Revenue Expenditure | ii | Advertising expenses ₹ 25,000 incurred for launching a new product in the market. |
| (c) | Deferred Revenue Expenditure | iii | Interest received. |
| (d) | Revenue Receipts | iv | A sum of ₹ 15,000 spent on the overhauling of a second-hand delivery van. |
Expenditure incurred to ______ the asset is capital expenditure.
Classify the following into Capital, Revenue and Deferred Revenue Expenditures, reason for your answer.
₹ 15,000 paid for obtaining a mortgage.
State, whether you would consider the following as Capital Expenditure or Revenue Expenditure.
Overhaul expenses of second hand typewriters purchased.
State, whether you would consider the following as Capital Expenditure or Revenue Expenditure.
Legal fees paid to acquire a building.
State, whether you would consider the following as Capital Expenditure or Revenue Expenditure.
Cost of director's trip abroad for purchase of a new plant.
In the following case indicate the amount to be debited as Capital Expenditure and Revenue Expenditure:
Furniture of the book value of ₹ 15,000 was sold off at ₹ 10,000. New furniture was purchased for ₹ 20,000 and ₹ 100 was paid as cartage on it.
Which of the following are Capital Expenditure, Revenue Expenditure and Deferred Revenue Expenditure?
Amount paid for acquiring goodwill.
