Accounting 9706 · AS & A Level · Accounting for non-current assets

Accounting for non-current assets — practice question

Bharti is the proprietor of a small business. The following details were taken from her accounting records.
(a)[9]

Prepare the ledger accounts below for the year ending 30 June 2022.

(b)[2]

State one reason why non-current assets are depreciated, linked to an appropriate accounting concept.

(c)[2]

Explain one contrast between capital expenditure and revenue expenditure.

(d(i))[1]

State one capital-receipt example.

(d(ii))[1]

State one revenue-receipt example.

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