Capital expenditure is treated as:
Assets
Liabilities
Assets acquired with the intention of converting into cash.
Fixed assets
Current assets
Intangible assets
Wasting assets
Which stock is the amount of stock at the beginning of accounting period?
Opening stock
Closing stock
Stock in hand
Finished goods
Capital expenditure
Revenue expenditure
Sales expenditure
Revenue income
Assets acquired relatively for long periods.
Expenses which do not result in the income earning capacity of the business.
Normal expenditure
Overlay expenditure
Which is the withdrawal of goods by the owner from the business for personal use?
Voucher
Purchase
Sales
Drawing
