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
CAclubindia
