Financial Statements of Sole Proprietorship — Account STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceAccountFinancial Statements of Sole Proprietorship1 Mark
Question
What is meant by Capital Expenditure?
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Answer
Capital Expenditure is expenditure that results in acquiring or bringing into existencean asset or advantage of enduring benefit. Example is acquiring a fixed asset.
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