` 8,000 is spent of travelling expenses of the partner to a foreign trip for purchased of an asset to be used for the business is a/an -

Question

Quizplus · Accepted Answer

Capital Expenditure is the correct choice because the money spent on the foreign trip for the purchase of an asset is an investment into a long-term asset that will be used in the business, thus enhancing its capacity or benefits for more than one accounting period.

` 8,000 Is Spent of Travelling Expenses of the Partner