State with reasons that whether the following items are, Ask an Expert

Accounting

State with reasons that whether the following items are capital or revenue:

a) Purchase of Land.

b) Installation of Plant and Machinery

c) Expenditure incurred during the erection of Machinery.

d) Commission paid to a worker.

e) Repair of truck met with an accident.

f) Repair charges of furniture.

g) Paid wages to factory workers.

h) Paid advertisement expense.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797451

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