Accountancy, asked by Anonymous, 7 months ago

identify the reason involved in classifying the expenditure into capital and revenue .
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Answers

Answered by Curious2k5
16

Answer:

Financial statements cannot be prepared without classifying the expenditure into capital and revenue. ... Capital expenditure is written in the Balance Sheet whereas revenue expenditure is written on the debit side of Trading or Profit and Loss Account.

Answered by navkaran178
5

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