Question No 12 Chapter No 17

Question No 12 Chapter No 17

12. State by giving reasons whether the following items of expenditure are Capital or Revenue

  1. Expenditure incurred for raising loans
  2. Expenditure of registrations of a trade mark
  3. Carriage paid on goods purchased
  4. Commission paid on net profit of the company to manager
  5. Travelling expenses of a director for tips abroad for purchasing capital goods.
  6. Damages on account of contract
  7. Compensation paid to a retrenched employee.

The solution of Question No 12 Chapter No 17: –

iCapital Expenditure
iiCapital Expenditure
iiiReserve Expenditure
ivRevenue Expenditure
vCapital Expenditure
viRevenue Expenditure
viiRevenue Expenditure

The provision in accounting: Types and Treatment

Also, Check out the solved question of all Chapters: –

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.

ISC Accounts 11 20 Image min 197x300 - Question No 12 Chapter No 17 - D.K Goal 11 Class
D K Goel accountancy +1 – ISC_Accounts_11_20_ImageQuestion No 42 Chapter No 11 – D.K Goal 11 Class

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