Dividing the expenditure into capital and revenue is according to

Related MCQs

• Amount spent to increasing the earning capacity is a ______ expenditure
• All revenue incomes are credited to
• According to sec. 100(1)(c) of the companies act, a company can pay back share capital which is in excess of need if:
• Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be
• Maximum buy back limit in any year is ______ of total paid up equity capital and free reserves.
• When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.
• The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept.
• Capital A/c is a _______ A/c.
• Under fixed capital methods, profit will be credited to:
• Capital of the partners are maintained by: