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a. False: The nature of business is a very important criteria in separating an expenditure between capital and revenue. For example- For a trader dealing in furniture, purchase of furniture is revenue expenditure but for any other trade, the purchase of furniture should be treated as capital expenditure and shown in the balance sheet as asset.. b. False: Expenditure incurred for major repair of the asset so as to increase its productive capacity is capital in nature. c. False: Legal expenses incurred to defend a suit claiming that the firm's factory site belongs to the plaintiff is maintenance expenditure of the asset. By this expense, neither any endurable benefit can be obtained in future in addition to that what is presently available nor the capacity of the asset will be increased. Maintenance expenditure in relation to an asset is revenue expenditure. d. False: Amount spent for replacement of any worn-out part of a machine is revenue expense since it is part of its maintenance cost. e. True: Since temporary huts were necessary for the construction, their cost should be added to the cost of the cinema hall and thus capitalized.
Under stress conditions, which amino acid is accumulated in plants:
What is a defining feature of a pyranose structure in saccharides?
In paracentric inversion, rearrangement of genes
For the process of cDNA synthesis, the eukaryotic ___ is used as the template for the generation of DNA.
How much amount of Common salt should be given to the animal to fulfil its mineral requirement?
The unit of spectral energy fluence rate is
Brown rust of wheat is caused by
Proteins which allow corona virus to latch onto host cells and crack them open for infection are:
The art of training plants into different shapes is known as
Who developed Hydrogen Bomb?