mehra and sons purchased a secondhand light motor vechile at a cost of rs 2lacs additionally various accessories coasting rs 50000 were also purchased along with the vehicles which are required which are replaced to be replaced on a yearly basis. mr. mehra wants to write off the overall out flow income statemrnt dicuss wheather he is correct or not . dicuss the need to differentiate between the capital and revenue items ? how these items are to be trated in finical of the company ? give reasons supporting the same
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Answer:
I don't know your question sence
Answer:
Explanation:
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