State the type of expenditure or capital or revenue

Assignment Help Financial Accounting

Reference no: EM131385678

State the type of expenditure, capital or revenue, incurred in the following transactions:
(a) Breakdown van purchased by a garage.

(b) Repairs to a fruiterer's van.

(d) Cost of hiring refrigeration plant in a butcher's shop.

(e) Twelve dozen sets of cutlery, purchased by a catering firm for a new dining-room.

(f) A motor vehicle bought for resale by a motor dealer.

(g) The cost of acquiring patent rights.

Reference no: EM131385678

Questions Cloud

Derive these rg equations, and show that k>k'' : Derive the first-order perturbation theory for the free energy and show that it is an upper bound to the exact free energy.

Indicate which of the given would be revenue items : Indicate which of the given would be revenue items and which would be capital items in a wholesale bakery:- Purchase of a new van.

Analyze the trade-offs between inputs for the productivity : Analyze the trade-offs between inputs for the productivity improvements.Analyze the advantages and disadvantages of global sourcing versus producing in the U.S.Describe a product or service of a specific low-labor-cost country as an example.

Financial status of professional sports teams : For this Discussion assignment you will need to do some research regarding the financial status of professional sports teams. You are to identify the professional sport organization (USA only) that you consider to be the most financially sound in ..

State the type of expenditure or capital or revenue : State the type of expenditure, capital or revenue, incurred in the given transactions:- Breakdown van purchased by a garage.

Analyze elements pertinent to practices that you identified : Analyze elements pertinent to the best practices that you have identified. These include: An overview of each practice (i.e., what they are, specific elements, how and where they are used, etc.).

Explain how these concepts are similar and different : Define the concept of an "attitude" and that of "personality." Explain how these concepts are similar and different.

Derive this formula for elastic scattering : Sketch a graph of B2 (T) for a Lennard jones potential.

Distinguish between capital and revenue expenditure : On what principles would you distinguish between capital and revenue expenditure? Illustrate your answer by reference to the given:

User Account

All Pages