Q398
The basic consideration(s) in distinction between capital and revenue expenditure is/are
A.
Nature of business
B.
Effect on revenue generating capacity of the business
C.
Purpose of expenses
D.
All of the above
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
The basic considerations in distinction between capital and revenue expenditure are Nature of business, Effect on revenue generating capacity of the business and Purpose of expenses.