QUESTION 4

1. A capital expenditure results in a debit to:

   		an expense account
   		a contra-asset account
   		a liability account
   		an asset account

1 points   

QUESTION 5

1. The journal entry to record the amortisation of an intangibleasset would require a debit to an expense account and a creditto:

   		An asset account.
   		A liability account.
   		A contra-asset account.
   		A revenue account.