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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
Expenditures incurred to acquire fixed assets are called:
  • A
    Revenue expenditure
  • B
    Outstanding expenditure
  • ✓
    Capital expenditure
  • D
    Prepaid expenses
✓

Answer

Correct option: C.
Capital expenditure
C

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