Q15.Expense on installation of new machinery
(1) Capital Loss
(2) Capital Expense
(3) Revenue Loss
(4) Revenue Expense
Answer
Capital Expense
Related Questions on Theory Base of Accounting
Q16.Is given to businessman when clear his payment before certain period ?
(1) Special Discount
(2) Cash Discount
(3) None of these
(4) Trade Discount
Answer
Cash Discount
Q17.Appropriations are the transactions that happen between firm and partners in the capacity of ___________
(1) Outsider
(2) Partner
(3) None of these
(4) Either A or B
Answer
Partner