Question

Paid = 100 to travelling salesmen Nasar Ali for travelling expenses rod Mushtaq for sundry expenses.​

Answer 1

Answer:

List-I List-II

I. Preliminary expense (a) Capital expenditure

II. Travelling expenses of the salesman (b) Revenue expenditure

III. Profit on sale of a part of the business building (c) Capital gain

IV. Nazrana paid on the purchase of land for business (d) Deferred revenue

Explanation:

List-I List-II

I. Preliminary expense (a) Capital expenditure

II. Travelling expenses of the salesman (b) Revenue expenditure

III. Profit on sale of a part of the business building (c) Capital gain

IV. Nazrana paid on the purchase of land for business (d) Deferred revenue

Answer 2

Answer:

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Explanation:

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