Multiple Choice
Which of the following statements is correct?
A) The distinction between capital expenditure and revenue expenditure is always clear
B) Sometimes the distinction between capital expenditure and revenue expenditure is not clear
C) Buying a new car is revenue expenditure
D) Statements B and C are both correct
Correct Answer:
Verified
Correct Answer:
Verified
Q21: If the cost of goods sold was
Q22: A company made the following transactions last
Q23: Which of the following are ways in
Q24: If purchases for the year are £18,250,closing
Q25: If the cost of goods sold was
Q26: If opening stock for the year is
Q27: A company has bought,amongst other things,the following
Q28: Which of the following statements is false?<br>A)
Q29: A company buys 500 units of stock
Q30: If opening stock is £2,000,purchases for the