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Question No 12 Chapter No 17 – D.K Goal 11 Class

Question No 12 Chapter No 17
Q-12 - CH-17 - D.K Goal +1 Book 2020 - Solution

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Question No 12 Chapter No 17

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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

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

D K goel accountancy +1 - ISC_Accounts_11_20_Image-min
D K Goel accountancy +1 – ISC_Accounts_11_20_ImageQuestion No 42 Chapter No 11 – D.K Goal 11 Class

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