Which of the following items is classified as capital exp...
Which of the following items is classified as capital expenditure in public sector accounting?
Training and conference cost
Construction works's cost
Wages and salaries
Financial charges
Correct answer is B
Capital expenditure are expenditure incurred on long term project. They usually add to the value of the assets. They are normally paid from development fund.
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\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of raw materials} & 8,000\\ \text{Pur...