Question

Classify the following into capital and revenue items.
a) Legacies
b) Purchase of computer
c) Subscription
d) Honorarium
e) Purchase of stationery.​

Answer 1

Capital and Revenue Items.

Explanation:

a) Legacies : Capital Receipt

b) Purchase of computer : Capital Expenditure

c) Subscription : Revenue Receipt

d) Honorarium : Revenue Expenditure

e) Purchase of stationery : Revenue Expenditure