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Transaction, having short-term effects are known as
Wages paid for the construction of building is an example of
Octori duty paid on machinery, is an example of
Both a & b
An expenditure, which is incurred to increase to profit earning capacity of a business concern, is called
Heavy expenditure on advertisement for making a new product is a
An expenditure, which is temporarily increase the profit making capacity of the business is called
A revenue expenditure, the benefit of which is not confined to one accounting year is called
Cost of redecorating a cinema hall is a
None of these
Expenditure is a capital expenditure because
It is the personal expenditure of the owner out of his capital
It is a recurring expenditure
The amount involved is heavy
It is intended to benefit the future period
Distinction between capital and revenue items is important for the preparation
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