Question No 13 Chapter No 17 13.The swadeshi Industries removed their works to a more suitable premises. A sum of Rs 4,750 was spent on dismantling removing and re-installing plant, machinery and Fixtures. The removal of stock from the old Read More …
Question No 12 Chapter No 17 12. State by giving reasons whether the following items of expenditure are Capital or Revenue Expenditure incurred for raising loans Expenditure of registrations of a trade mark Carriage paid on goods purchased Commission paid Read More …
Question No 11 Chapter No 17 11. Classify the following expenses between Capital and Revenue stating reasons in each cases Repair to a Second hand motor car purchased The cost of registration of newly formed limited company Spent Rs 6,000 Read More …
Question No 10 Chapter No 17 10. Classify the following between capital and Revenue giving reasons for the same: Rs 5,000 spent towards addition to the machinery Repair for Rs 1,000 necessitated by negligence Rs 500 spent to remove a Read More …
Question No 09 Chapter No 17 09. State with reasons whether you would consider the following as Capital Expenditure or Revenue Expenditure Amount spent on uniform of workers White-washing of the factory building Cost of stores consumed in manufacturing machinery Read More …
Question No 08 Chapter No 17 08. The following expenses relate to a motor lorry, purchased by a limited company for its business: Bought an lorry for Rs 1,20,000 in an auction and paid Rs 1,500 as freight and cartage Read More …
Question No 07 Chapter No 17 07. The following are a few transactions of Sugar Mill Company:- Acquired 500 Bighas of land for an agriculture farm at an annul rent of Rs 25,000 and paid Rs 2,000 per Bigha as Read More …
Question No 06 Chapter No 17 06. State with reasons whether the following receipt would be treated as capital or Revenue: Rs 5,000 received from a customer whose account was previously written off as bad. Rs 20,000 received from sale Read More …
Question No 05 Chapter No 17 05. State the reasons whether the following are capital or expenditure: Rs 20,000 were spent for abstaining a license for starting the factory A loan of Rs 8 lac@ 15% was taken on 1st Read More …
Question No 04 Chapter No 17 04. State by Giving reasons whether the following items of Expenditure are capital or Revenue. Purchased raw- materials for Rs 1,00,000 Rs 2,00,000 paid to Govt. as excise duty. Legal expenses incurred in connection Read More …