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4 a) Distinguish between Capital Expenditure and Revenue Expenditure b) Jojo, the owner of Joe's Barber Shop extracted the following balances as at 31 March

4 a) Distinguish between Capital Expenditure and Revenue Expenditure b) Jojo, the owner of Joe's Barber Shop extracted the following balances as at 31 March 2021. Sales Accounts Purchases Commission received Rental Advertisement Wages and salaries Electricity and water Printing and stationeries Insurance Beginning inventory Ending inventory Required: Calculate the total profit or loss for the year ended 31 March 2021. RM 135,987 75,500 2,510 19,700 7,100 15,700 960 2,900 1,750 12,160 10,610

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