Financial and Management Accounting

1: Assertion (A). No item of capital expenditure finds its place in the Trading and Profit & Loss Account or some other form of revenue accounts. Reason (R). Capital expenditure consists of expenditure, the benefit of which is not fully consumed in one accounting period but is spread over several periods.

A.	Both A and R are true and R is the correct explanation of A.
B.	Both A and R are true but R is not a correct explanation of A.
C.	A is true but R is false
D.	A is false but R is true.
	Answer : A Explanation : Write your comments here: Updating your Comments.. Updating your Comments.. Report Error
	Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.

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Financial and Management Accounting

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