Teaching BPSC 4.0 बिहार उच्च माध्यमिक शिक्षक भर्ती (PGT) Mock Test Accountancy Capital & Revenue Account
Which of the following statements is true?
1
Overhaul expenses of second-hand machinery purchased are revenue expenditure.
2
The benefits arising out of capital expenditure lasts only for one accounting period.
3
Amount spent for the replacement of worn-out part of a machine is capital expenditure.
4
Legal fees to acquire immovable property is capital expenditure.
5
None of the above