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Classify the following expenditures and receipts as capital or revenue: (i) 10,000 spent as travelling expenses of the directors on trips abroad for purchase of capital assets. (ii) Amount received from Trade receivables during the year. (iii) Amount spent on demolition of building to construct a bigger building on the same site. (iv )Insurance claim received on account of a machinery damaged by fire.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared
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Classify the following expenditures and receipts as capital or revenue: (i) 10,000 spent as travelling expenses of the directors on trips abroad for purchase of capital assets. (ii) Amount received from Trade receivables during the year. (iii) Amount spent on demolition of building to construct a bigger building on the same site. (iv )Insurance claim received on account of a machinery damaged by fire.?, a detailed solution for Classify the following expenditures and receipts as capital or revenue: (i) 10,000 spent as travelling expenses of the directors on trips abroad for purchase of capital assets. (ii) Amount received from Trade receivables during the year. (iii) Amount spent on demolition of building to construct a bigger building on the same site. (iv )Insurance claim received on account of a machinery damaged by fire.? has been provided alongside types of Classify the following expenditures and receipts as capital or revenue: (i) 10,000 spent as travelling expenses of the directors on trips abroad for purchase of capital assets. (ii) Amount received from Trade receivables during the year. (iii) Amount spent on demolition of building to construct a bigger building on the same site. (iv )Insurance claim received on account of a machinery damaged by fire.? theory, EduRev gives you an
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