An expenditure incurred to derive long term advantage is

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
• Expenditure incurred by a publisher for acquiring copyright is a.
• Huge expenditure incurred at the time of launching of a new product in market is a/an —
• 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 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