Financial and Management Accounting

1:

Choose the wrong statement

A.
Overhaul expenses of secondhand machinery purchased are revenue expenditure
B.
Legal fee to acquire property is capital expenditure
C.
Expenses in connection with obtaining a licence for running the cinema is capital expenditure
D.
Amount spent for the construction of temporary hunts, which were necessary for the construction of the cinema house and were demolished when the cinema house was ready, is capital expenditure
 

Answer : A

Explanation :

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Option: A

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