Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C9 Accounts ol‘Non—trading Concerns1 Mark
Question
What do you mean by non-recurring expenses?
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Answer
Non-recurring expenditure is any capital expenditure which is spent for acquisition of fixed assets like purchase of land or furniture, in order to run the concern and it gives benefits for a long period say more than three years.
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