Question

Give two examples of:

A) fictitious assets

B) capital expenditure

C)revenue expenditure​

Answer 1

Example of Fictitious Assets :-

Major examples of fictitious asset are : profit and loss (dr. bal), discount on issue of shares and debentures, preliminary expenses, underwriting commission, advertisement suspense a/c etc.

Examples of capital expenditures:-

• Buildings (including subsequent costs that extend the useful life of a building)
• Computer equipment.

examples of revenue expenditure:-

Expenditure incurred in the ordinary conduct and administration of business, i.e. rent, , carriage on saleable goods, salaries, wages manufacturing expenses,

Hope it helps you

ItzRiya✌️

Answer 2

Fictitious assets:-

1) Promotional expenses of a business.

2)Preliminary expenses

Capital expenditure:-

1)Computer equipment.

2(Office equipment

Revenue expenditure:-

1)rent expenses

2)utility expenses

@Ramanari12✌