Question
. Classify whether each transaction is a revenue expenditure or capital expenditure. 1) Purchase office equipment 2) Carriage inwards 3) Payment of property insurance 4)
. Classify whether each transaction is a revenue expenditure or capital expenditure.
1) Purchase office equipment
2) Carriage inwards
3) Payment of property insurance
4) Purchase a motor vehicle
5) Renovation of office
6) Paid sales commission
7) Built an extension to its existing property
8) Repairs to office furniture
9) Purchased of loose tools for property
10) Purchased computer CDs for office use
11) Redecorated the interiors in the entire property
12) Bought a new computer system for the business
13) Petrol for delivery van
14) Paid staff salaries
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