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CAPITAL AND REVENUE EXPENDITURE/INCOME — Commercial Studies STD 10 — Question

ICSE BoardEnglish MediumSTD 10Commercial StudiesCAPITAL AND REVENUE EXPENDITURE/INCOME1 Mark
MCQ
An expenditure is a capital expenditure when:
  • A
    It relates to sale of fixed assets
  • B
    It arises due to abnormal reasons
  • ✓
    It involves withdrawal of capital
  • D
    It relates to maintain the efficiency of an asset
✓

Answer

Correct option: C.
It involves withdrawal of capital
C

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