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Assertion: Damages paid on account of breach of contract to supply certain goods is a capital expenditure.Reasoning:Such damages are incurred in the ordinary course of business :a)Both the statements are correct and second is a correct explanation of the firstb)Both the statements are correct but second is not a correct but second is not a correct explanation of the firstc)First statement is correct but second is notd)First statement is not correct but second is correctCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Assertion: Damages paid on account of breach of contract to supply certain goods is a capital expenditure.Reasoning:Such damages are incurred in the ordinary course of business :a)Both the statements are correct and second is a correct explanation of the firstb)Both the statements are correct but second is not a correct but second is not a correct explanation of the firstc)First statement is correct but second is notd)First statement is not correct but second is correctCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Assertion: Damages paid on account of breach of contract to supply certain goods is a capital expenditure.Reasoning:Such damages are incurred in the ordinary course of business :a)Both the statements are correct and second is a correct explanation of the firstb)Both the statements are correct but second is not a correct but second is not a correct explanation of the firstc)First statement is correct but second is notd)First statement is not correct but second is correctCorrect answer is option 'D'. Can you explain this answer?.

Solutions for Assertion: Damages paid on account of breach of contract to supply certain goods is a capital expenditure.Reasoning:Such damages are incurred in the ordinary course of business :a)Both the statements are correct and second is a correct explanation of the firstb)Both the statements are correct but second is not a correct but second is not a correct explanation of the firstc)First statement is correct but second is notd)First statement is not correct but second is correctCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of Assertion: Damages paid on account of breach of contract to supply certain goods is a capital expenditure.Reasoning:Such damages are incurred in the ordinary course of business :a)Both the statements are correct and second is a correct explanation of the firstb)Both the statements are correct but second is not a correct but second is not a correct explanation of the firstc)First statement is correct but second is notd)First statement is not correct but second is correctCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Assertion: Damages paid on account of breach of contract to supply certain goods is a capital expenditure.Reasoning:Such damages are incurred in the ordinary course of business :a)Both the statements are correct and second is a correct explanation of the firstb)Both the statements are correct but second is not a correct but second is not a correct explanation of the firstc)First statement is correct but second is notd)First statement is not correct but second is correctCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Assertion: Damages paid on account of breach of contract to supply certain goods is a capital expenditure.Reasoning:Such damages are incurred in the ordinary course of business :a)Both the statements are correct and second is a correct explanation of the firstb)Both the statements are correct but second is not a correct but second is not a correct explanation of the firstc)First statement is correct but second is notd)First statement is not correct but second is correctCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Assertion: Damages paid on account of breach of contract to supply certain goods is a capital expenditure.Reasoning:Such damages are incurred in the ordinary course of business :a)Both the statements are correct and second is a correct explanation of the firstb)Both the statements are correct but second is not a correct but second is not a correct explanation of the firstc)First statement is correct but second is notd)First statement is not correct but second is correctCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Assertion: Damages paid on account of breach of contract to supply certain goods is a capital expenditure.Reasoning:Such damages are incurred in the ordinary course of business :a)Both the statements are correct and second is a correct explanation of the firstb)Both the statements are correct but second is not a correct but second is not a correct explanation of the firstc)First statement is correct but second is notd)First statement is not correct but second is correctCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.