Which of the following is a capital expenditure?
A. |
Compensation paid for breach of a contract to supply goods.
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B. |
Interest on borrowings during the period of construction of works
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C. | Loss of stock by fire |
D. | Loss due to embezzlement by the manager. |
Option: B Explanation : Click on Discuss to view users comments. |
Cost of goods sold equals
A. |
Opening stock + Purchases + Direct expenses + Manufacturing expenses - Closing stock
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B. | Sales - Net Profit |
C. | Sales - Gross Profit |
D. | Both (A) and (C) |
Option: D Explanation : Click on Discuss to view users comments. |
A. | a b c d II III I IV |
B. | a b c d III II I IV |
C. | a b c d III II IV I |
D. | a b c d II III IV I |
Option: D Explanation : Click on Discuss to view users comments. |
A. |
Cash receipts from royalties, fees, commissions and other revenue.
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B. |
Cash payments to suppliers for goods and services.
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C. | Cash payment to and on behalf of employees. |
D. | Payment of dividend. |
Option: D Explanation : Click on Discuss to view users comments. |
A. | 1 and 2 |
B. | 1 and 4 |
C. | 2 only |
D. | 2 and 3 |
Option: A Explanation : Click on Discuss to view users comments. |