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QUESTION 6 (C2, C3) Mrs. Nurin is the owner of Mika Khasiat Bakery (MKB). She has been doing business in the town area of
QUESTION 6 (C2, C3) Mrs. Nurin is the owner of Mika Khasiat Bakery (MKB). She has been doing business in the town area of Arau, selling bread and cakes as well as receiving orders from customers. MKB has been operating for 2 years. MKB business has been flourishing as it gets overwhelming response from its customers. To further develop its business, the owner has done a variety of expenditure. Among it is to buy a used van worth RM40,000, including the cost of insurance and road tax of RM5,000. Repainting the van with labeling of Mika Khasiat Bakery worth RM1,350 and fitted with new tires worth RM1,200. Mrs. Nurin also bought a new flour mixer machine worth RM15,000 with RM1,000 installation cost. Required: i. ii. Identify all expenditure incurred by Mrs. Nurin as either revenue expenditure or capital expenditure Calculate the total revenue expenditure and capital expenditure
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