All distinguished economists of the time this book is an excellent view of the world in the early twentieth century. Today it can be read and enjoyed in its historical context. This book is a re-issue originally published in 1932.
This book is an authoritative resource that simplifies the complexities of tax deduction at source (TDS) on benefits or perquisites as mandated under Section 194R of the Income-tax Act.
... investment will be treated as Capital Profit. (viii) Death of two bullocks in motor accident will be treated as Capital Loss. Problem 6. The following expenditure are Capital or Revenue, write with reasons : (i) Legal expenses to defend ...
Dr. A Karim. 5795 3 CONCEPTS OF CAPITAL AND REVENUE Problem 1. Explain with reasons whether the following items are Capital or Revenue : (i) Legal expenses for the issue of debentures. (ii) Legal expenses for the purchase of land. (iii) ...
... Expenditure as they constitute the cost of land. (iv) It is a Capital Expenditure since it represents fixed asset. The advantage of computer will be available for many years to come. Problem 4. State with reasons whether the following ...
... expenditure . Overhauling expenses make the car ready for use . ( ii ) Revenue Expenditure : Expenditure on painting would be treated as revenue expenditure since it is incurred to maintain the factory in good condition . ( iii ) Capital ...
... Expenditure since leasehold property is a fixed asset. (ii) Compensation paid to retrenched employee for loss of employment should be treated as a ... Problem 8 State with reasons whether the following items are Capital and Revenue 69.
... Expenditure : Installation of digital sound system of a cinema hall enhances the image of the cinewall and so its revenue earning capacity is increased . White wash is a routine expenditure , it ... Problems in Financial Accounting.
Dr. S. K. Singh, Dr. Ajay Kumar Chattoraj. 6 CAPITAL AND REVENUE Problem 1 Explain with reasons whether the following items are Capital or Revenue : ( i ) Legal expenses for the issue of debentures . ( ii ) Legal expenses for the ...
... expenditure . Overhauling expenses make the car ready for use . ( ii ) Revenue Expenditure : Expenditure on painting would be treated as revenue expenditure since it is incurred to maintain the factory in good condition . ( iii ) Capital ...