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Discussion > Students > CPT >

Accounts.... doubt

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student

[ Scorecard : 139]
Posted On 10 July 2012 at 00:02 Report Abuse

catergorise the following into capital or evenue receipts or expenditure...

1)money paid to MTNL rs.8000/- for installing telephone in office

2)inaguration expenses of 25lakhs incurred on the opening of a new manufacturing unit in an existing business

3)compensation of 2.5crores paid to workers who opted for voluntary retirement

4)entrance fees for joing ABC club rs.2000/-

5)rs.10,000/- spent as traveeling expenses for the dirctors on trip to abroad for purchase of capital assets...

6)money advanced to supplier for booking of goods in advance

7)diwali advance to employees rs.5000

8)money deposited with wholesaler as secruity

9)if repair cost is rs.25,000/-... white wash expenses rs.5000/-... cost of extension of building rs.2,50,000/- and cost of electrical wiring syestem and improvement is rs.19,000/- then the amt to be expensed is

a)2,49,000/- b)44,000/- c)30,000/- d)49,000/-

plz explain me clearly

 



intermediate(ipc)course
no

[ Scorecard : 1446]
Posted On 10 July 2012 at 07:57

purchase or sale of capital assets is a capital expenditure & capital receipt.if any revenue/loss earns from such purchase/sale of asset is called revenue expenditure and revenue receipt.




divyalakshmi
student

[ Scorecard : 139]
Posted On 15 July 2012 at 12:01

can anyone plzz catergorise the above mentioned items as capital receipts/expenditure or revenue receipts/expenditure....



intermediate(ipc)course
no

[ Scorecard : 1446]
Posted On 15 July 2012 at 17:39

1. revenue exp

2. revenue exp

3. revenue exp

4. revenue exp

5. capital exp

6. capital exp

7. revenue exp

8. capital exp

9. 49000/-



Total thanks : 1 times

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