VALUE BASED QUESTIONS 1. What is the value involved in classifying the assets into current and non- current? 2. Discuss the value involved in classifying the receipts into capital and revenue? 3. Identify the value involved in classifying the expenditure into capital and . revenue. 4. What is the reason that the capital expenditure is shown in the Balance Sheet?
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here is the answer of first one
sol: classification of assets into current and non-asset helps in ascertaining the liquidity position of the buisness entity
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