Advertisements
Advertisements
Question
Which one of the following is not a capital expenditure?
Options
Loans advanced by World Bank
Construction of school buildings
Repayment of loans
Purchase of Metro Coaches from Japan
MCQ
Solution
Loans advanced by World Bank
Explanation:
A World Bank loan is a capital receipt because it increases a liability or decreases assets.
shaalaa.com
Classification of Expenditure
Is there an error in this question or solution?
