Indicate which of the following would be revenue items and which would be capital items in a

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Indicate which of the following would be revenue items and which would be capital items in a wholesale bakery:

(a) Purchase of a new van.

(b) Purchase of replacement engine for existing van.

(d) Cost of motor tax for new van.

(e) Cost of motor tax for existing van.

(f) Cost of painting business’s name on new van.

(g) Repair and maintenance of existing van.

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 19, 2023 06:10 AM

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Indicate which of the following would be revenue items and which would be capital items in a

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In accounting revenue items and capital items are classified based on their nature and the impact they have on the business Heres how each of the item...View the full answer

Frank Woods Business Accounting Volume 1

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