State whether the following are capital, revenue and deferred revenue.
A. Legal fees paid to the lawyer for acquiring a land ₹ 20,000.
B. Heavy advertising cost of ₹ 12,00,000 spent on introducing a new product.
C. Renewal of factory licence ₹ 12,000.
D. A sum of ₹ 4,000 was spent on painting the factory.
Answer:A
State whether the following are capital, revenue and deferred revenue.
A. Legal fees paid to the lawyer for acquiring a land ₹ 20,000. B. Heavy advertising cost of ₹ 12,00,000 spent on introducing a new product. C. Renewal of factory licence ₹ 12,000. D. A sum of ₹ 4,000 was spent on painting the factory.