Capital expenditures are the expenditures incurred for the:

Related MCQs

• L of Lucknow consigned goods costing ` 60,000 to A of Allahabad at an invoice price bearing 331/3 % mark up on the cost price. Goods costing ` 15,000 were damaged in the transit and the insurance company admitted the claim in full. Expenses incurred by the consignor on loading and transportation of the goods amounted to ` 1,800. The consignee incurred ` 200 on cartage and ` 6,000 as Godown Rent and sold 2/3 of the goods received by him at the invoice price. He is entitled to 5% normal commission and 2.5% del credere commission. Find the value of goods sold
• At the end of the accounting year the capital expenditures are shown in the
• If opening capital is Rs.5,000; closing capital - Rs.7,000; drawings - Rs.1,000 and additional capital introduced during the year is Rs.500; then, the amount of profit made would amounted to
• If the opening capital is Rs.20,000 and closing capital is Rs.25,000; drawings made amounted to Rs.1,800; then, the amount of Rs.________ must be introduced as an additional capital during the year in order to earn a profit of Rs.2,800.
• Expenditures in respect of certain types of assets whose usefulness does not expires in the year of their occurrence but generally expires in the near future are called
• Expenditure incurred by a publisher for acquiring copyright is a.
• An expenditure incurred to derive long term advantage is
• The expenses which have been incurred to bring the goods or making the goods ready for sales is called
• If Machinery Account is debited with the amount of repairs incurred on the machine, this is an example of
• ` 5,500 incurred on sundry expenses inadvertently recorded in the books of account as ` 550. This is an example of —