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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Question No 01 Chapter No 17
01. Classify the following expenses into capital or revenue:
| S.NO | Transaction |
Capital | Revenue | |
|---|---|---|---|---|
| (i) | A property dealer purchased 3 flats for Rs 9,00,000 | Revenue | ||
| (ii) | Compensation paid to customers for defective goods supplied Rs 18,000 | Revenue | ||
| (iii) | Rs 2,500 spent on machinery for repair necessitated by the negligence of the workman | Revenue | ||
| (iv) | Legal expenses incurred Rs 12,000 to retain the title of building purchased for business in litigation with the third party | Capital | ||
| (v) | Rs 2,600 spent for transportation on the purchase of machinery. | Capital | ||
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question No 01 Chapter No 17 - USHA Publication 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication +1 Elements of Book-Keeping.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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