Which of the following items is a capital expenditure?
Which of the following items is a capital expenditure?
Maintenance of office machine
Purchase of office stationery
Carriage inwards
Purchase of office machinery
Correct answer is D
Capital expenditures are money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.
Discount allowed N2,000; Bad debts 1,000 Cheque received from customers 24,000 Returns inwards 50...
Acid test ratio of a firm measures the ...
Given Dept A Dept B Floor space 40meter square 60meter square Machine hours 1200 140...
\(\begin{array}{c|c} & \text{N} \\ \hline \text{Debtors opening} & 4000 \\ \hline \text{Debt...
Replacement and renewal of fixed assets are? ...