Accounting Mcqs

Q.  Capital expenditure is an expenditure which

a. Benefits the current accounting period
b. Will benefit the next accounting period
c. Results in the acquisition of a permanent asset
d. Results in the acquisition of a current asset


ANSWER: See Answer
 
A capital expenditure is a non- recurring expenditure whose benefit lasts for more than
one accounting period. Example is the acquisition of a fixed or permanent assets.
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