Accounting 0452 · IGCSE · Capital and revenue expenditure and receipts

Capital and revenue expenditure and receipts — practice question

Ted, who is a manufacturer, bought a machine on credit from T Limited. In what way would Ted have recorded this?

  • Aaccount debited: T Limited; account credited: machinery
  • Baccount debited: T Limited; account credited: purchases
  • Caccount debited: machinery; account credited: T Limited
  • Daccount debited: purchases; account credited: T Limited

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI