Classify the following items into capital and revenue.
A. Registration expenses incurred for the purchase of land.
B. Repairing charges paid for remodelling the old building purchased.
C. Carriage paid on goods purchased.
D. Legal expenses paid for raising of loans.
Answer:A
Classify the following items into capital and revenue.
A. Registration expenses incurred for the purchase of land. B. Repairing charges paid for remodelling the old building purchased. C. Carriage paid on goods purchased. D. Legal expenses paid for raising of loans.