Accounts of ‘Not for Profit’ Concerns — Book Keeping & Accountancy STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyAccounts of ‘Not for Profit’ Concerns1 Mark
Question
What do you mean by Capital Expenditure?
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Answer
An expenditure which is non recurring is nature and incurred to purchase new fixed assets, to increase earning capacity, efficiency and working life of the existing fixed assets and to achieve economy of operation an existing fixed assets is called Capital Expenditure.
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