Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

Which items indicate revenue expenditure and a capital receipt?

  • Acarriage inward on a non-current asset; issue of debentures
  • Bcommission received; proceeds from sale of non-current asset
  • Cdiscounts allowed; cash drawings
  • Drepair of motor vehicle; receipt of loan from lender

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