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CAPITAL AND REVENUE EXPENDITURE/INCOME — Commercial Studies STD 10 — Question

ICSE BoardEnglish MediumSTD 10Commercial StudiesCAPITAL AND REVENUE EXPENDITURE/INCOME1 Mark
MCQ
Capital expenditure is incurred for
  • ✓
    Acquisition of fixed assets
  • B
    Day-to-day conduct of business
  • C
    Maintaining the existing earning capacity
  • D
    All of these
✓

Answer

Correct option: A.
Acquisition of fixed assets
A

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