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.
In a trial balance, income and liabilities are? ...
Carriage outward expenses of a business are treated in the ...
The accumulated fund for a not-for-profit making organization is ...
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...
What was the bank balance at the end of the month? ...
The total of the purchases day book is posted to the purchases account in the ...
\(\begin{array}{c|c} & N \\ \hline \text{Fixed assets} & 12,000 \\ \text{Current assets} &am...