Q3. Classify the following items as either revenue or capital expenditure: Repairs to a refrigeration system of a meat wholesaler.Repainting of the interior of a bar/restaurant which has greatly improved the potential for finding a buyer for the bar/restaurant as a going concern.Wages paid to employees who worked on the construction of their company’s new office building

Introduction: Revenue Expenditure: Expenditure spent for running day to day business operations…

Answered: Classify the following items as either…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Q3. Classify the following items as either revenue or capital expenditure:

Repairs to a refrigeration system of a meat wholesaler.
Repainting of the interior of a bar/restaurant which has greatly improved the potential for finding a buyer for the bar/restaurant as a going concern.
Wages paid to employees who worked on the construction of their company’s new office building

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