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प्रश्न
State whether the following expense is Capital or Revenue.
Purchase of typewriters for resale.
उत्तर
Revenue Expenditure
Reason:
It refers to inventory intended for sale and is part of the company's usual activities.
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संबंधित प्रश्न
______ expenditure is incurred for meeting day to day expenses of business and its benefit is exhausted within the current accounting year.
Classify the following:
Cost of goods purchased for resale.
Any expenditure intended to benefit the current period is revenue expenditure.
Classify the following into Capital, Revenue and Deferred Revenue Expenditures, reason for your answer.
₹ 20,000 spent on dismantling, removing and reinstalling plant and machinery.
State whether the following expense is Capital or Revenue.
Commission paid to agents.
State whether the following expense is Capital or Revenue.
Legal expenses incurred for defending a suit of income tax.
State, whether you would consider the following as Capital Expenditure or Revenue Expenditure.
Purchase of typewriter ribbons.
Classify the following into Capital and Revenue Expenditure.
Import duty on raw materials purchased.
Classify the following:
Cost of shifting the stock to the new site.
Classify the following into capital expenditure and revenue expenditure.
Insurance premium of office building.
