Home » Accounts (Principles of Accounts) » Capital expenditure is theCapital expenditure is the Capital expenditure is the A. cost of running a business B. money spent on buying goods for resale C. money spent on acquire fixed assets D. extra capital paid in by the proprietor Correct Answer: Option C Explanation Related Posts Given an incomplete record without sufficient information to determine profit, the necessary thing to do… The opening balance of debtors is N100,000 and that of provision for doubtful debts is… When shares are oversubscribed, the promoters may decide to scale down. When this is done,… Given: Total cash received from debtors 30,000 Total purchases for the period 21,000 Amount owed… Which of the following books of original entry is used to record all payments and… John received a cheque from Dawda, a debtor, in payment for goods purchased by Dawda…
Given an incomplete record without sufficient information to determine profit, the necessary thing to do…
