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State whether the following are capital or revenue items:1. Rs. 5,000 spent towards addition to buildings. 2. Second-hand motor car purchased for Rs. 30,000 and paid Rs. 2,000 as repairs immediately. 3. Rs. 10,000 was spent on painting the new factory. 4. Freight and cartage on the new machine Rs. 150, erection charges Rs. 200. 5. Rs. 150 spent on repairs before using a second-hand car purchased recently. |
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Answer» 1. Capital expenditure 2. Capital expenditure 3. Capital expenditure 4. Capital expenditure 5. Capital expenditure |
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