Which of the following statements is correct?
A) The distinction between capital expenditure and revenue expenditure is always clear
B) Sometimes the distinction between capital expenditure and revenue expenditure is not clear
C) Buying a new car is revenue expenditure
D) Statements B and C are both correct
Correct Answer:
Verified
Q2: If opening stock is £3,000,purchases for the
Q3: Revenue is:
A) The amount received from borrowing
B)
Q4: Operating profit is:
A) Sales - cost of
Q5: Which of the following statements is correct?
A)
Q6: Which of the following statements is false?
A)
Q7: If purchases for the year are £18,250,closing
Q8: Revenue is the amount received in cash
Q9: If a company buys a machine for
Q10: Profit = revenue + expenses
Q11: Which of the following statements is false?
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents