Which one is false.
I.Capital Expenditure is non recurring in nature and shown in P&L account.
II.Revenue expenditure is incurred to conduct day to day activities
A)Both I and II
B)Only I
C)Only II
D)None is false

Question

Quizplus · Accepted Answer

Capital Expenditure is non-recurring and shown on the Balance Sheet, not the P&L account. Revenue expenditure is indeed for day-to-day activities and is shown on the P&L account.

Which One Is False