Accountancy, asked by simadutta1122, 5 hours ago

Purchase of non current asset on cash

Answers

Answered by diksharana09032008

Explanation:

The purchase of the non-current asset is a capital expenditure (spending on items expected to be used more than one year) and shows on the balance sheet. If you make payments on this asset they are revenue expenditures (expenses used to keep the business running

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