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Mr. Ali has started a new business in current year 2011. For his business, he has purchased a building, office furniture and fixtures. He has paid insurance premium of the building for the financial year 2011 and also incurred the advertisement expenses. Transportation charges have also been paid for the furniture he purchased. Salaries have also been paid during the year. Along with all these activities, Mr. Ali has purchased a car for his personal use only.

Required:
Identify at least two capital and two revenue expenditures from the above given scenario.”

Its revenue expenditiure
in case if he bought car for Business use that it ll be catagoriezes in the capital revenue
now he had bought it just for his won use thats y and as he is gaining its benefits on daily base day by day conumption so its revenue expenditure
i had already told u all plz chkout the handouts
chapter no 5
page no 14

Thanks Admin So Much

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abdulsaboor wrote:Its revenue expenditiure
in case if he bought car for Business use that it ll be catagoriezes in the capital revenue
now he had bought it just for his won use thats y and as he is gaining its benefits on daily base day by day conumption so its revenue expenditure
i had already told u all plz chkout the handouts
chapter no 5
page no 14

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