Question

3
Kunal is a furniture dealer. He has purchased furniture for Rs. 4,50,000 and paid
Rs.30,000 as cartage. 1/3rd of Furniture purchased was to be used in furnishing the
office. Calculate the amount of capital expenditure and revenue expenditure. (1)
Which external user of accounting information is most interested in knowing the
long-term solvency positions of the firm?​

Answer 1

Answer:

Explanation:

Entire amount 480000 is capital expenditure