Replacement and renewal of fixed assets are?
...Replacement and renewal of fixed assets are?
Revenue receipt
Capital receipt
Capital expenditure
Revenue expenditure
Correct answer is C
Capital expenditures are money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.
Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during t...
The aggregate of amounts owed to a business by is customers is known as ...
Under which of the following conditions is a partnership dissolved? ...
Which of the following is not a factory overhead cost? ...
Given: I. It records subscription in arrears II. Payments of liabilities is effected III. The a...
Rent prepaid as at 1st January, 2002 was N15,000. How much was paid for rent in 2007? ...