Question

Q35. Capital expenditure is included in:
a) Trading account
b) Profit & loss A/c
c) Balance sheet
d) None​

Answer 1

Answer:

b) is a rong ans

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Answer 2

Answer:

b) profit & loss

Explanation:

The actual cost of a capital expenditure does not immediately impact the income statement, but gradually reduces profit on the income statement over the asset's life through depreciation. However, a capital expenditure may immediately affect the income statement in other ways, depending on the type of asset.