Question

3. Which of the following is of Capital
nature?

a. Freight inward
b. Cost of building
c. Repair done on asset
d. Tax paid​

Answer 1

Answer:

Expenditure incurred on carriage and installation of machinery or on construction of building , e.g., freight, wages paid for installation of machinery, purchase of construction material for building, wages for construction of building, etc. are treated as CAPITAL EXPENDITURE and debited to "Machinery or Building A/c."

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