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SI No. 1. 2. 3. 4. 5. Date Details 1-May-2021 Bought three Van for OMR 7000 cach. Petrol cost for all the Vans OMR 15.

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SI No. 1. 2. 3. 4. 5. Date Details 1-May-2021 Bought three Van for OMR 7000 cach. Petrol cost for all the Vans OMR 15. 2-May-2021 One of the vans, put extra headlight which costs OMR 225. 3-May-2021 Repaint outside the building for OMR 950 4-May-2021 Sold goods for OMR 22000. 6-May-2021 Bought a Printer for OMR 900 8-May-2021 Wages of shop assistant paid OMR 250 10-May-2021 Loan interest for constructing a new building OMR 135. 11-May-2021 One of the Vans has sold for OMR 5000. 22-May-2021 Mr. Badar, debtor owes the business OMR 150 and declared bankrupt. A payment of OMR 50 was received in full settlement | 31-May-2021 The compnay has Gross total debt OMR 12000 after baddebt adjusted and had decided to provide 500 as provision for doubtfuld debt. 6. 7. 8. 9 10. From the above details, answer the following: a) How much is the total capital expenditure? (1 Mark) b) How much is the total revenue expenditure? (0.5 Mark) c) How much is the total capital receipt? (0.5 Mark) d) How much is the total revenue receipt? (0.5 Mark) e) How much is the baddebt for the compnay? (0.5 Mark) f) How should you show debtors in the balance sheet (Statement of financial position)? (0.5 Mark) g) Which FRS applicable for loan interest for constructing a new building? (0.5 Mark) h) Where will show (Profit & Loss A/c or Balance Sheet) the capital expenditure and reveunue expenditure? (0.5 Mark) i) As conclusion, explain incorrect treatment of capital/revenue expenditure. (0.5 Mark)

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