____________ expenditure is increased to maintain the business or to keep the assets in good working condition

Related MCQs

• These are the reserves created only to strengthen the financial position or the business and to keep the funds available for any future contingency or expenditure that may be required:
• Treatment of capital expenditure as revenue expenditure is
• When the benefits of revenue expenditure is available for a period of two or three years, the expenditure is known as-
• Capital expenditure is an expenditure which
• Which of these types of expenditure would not be treated as a Capital Expenditure
• What type of expenditure is shown as asset in balance sheet? Capital expenditure
• The proceeds of assets not specifically pledged & nthe surplus of the assets specifically pledged is first available for_________________
• The proceeds of assets not specifically pledged & nthe surplus of the assets specifically pledged is first available for_________________
• A charge created not on specific assets but generally on all assets is known as………….
• When a branch purchases fixed assets and the assets account is to be kept in the books of the head office, the branch makes the following entry