9 Costs of ers 10 Fire inst Question Question 1 Prepa State which account is to be credited and which account is to be debited from the Car (7 marks) | mark for every correct entry Debit Credit following transactions. d 1. Cash sales 2. Sold goods on credit to Mavis 3. Purchased a van by cheque 4. Paid motor expenses in cash 5. Sold goods for cash 6. Put cash into the bank 7. Started business with cash Question 2 Some of the following items should be treated as Capital Expenditure and some as Revenue Expenditure. For each of them state which classification applies. (10 marks) No Details Capital Revenue 1 Purchase of an extra motor van 2 Cost of rebuilding warehouse which had fallen down 3 Building extension to the warehouse 4 Painting extension to warehouse when it is first built 5 Repainting extension to warehouse fours later that done in (4) 6 Carriage costs on bricks for new warehouse extension 7 Carriage costs on purchases Legal cost on acquiring new premises for office 8 2