Accounting 0452 · IGCSE · Capital and revenue expenditure and receipts

Capital and revenue expenditure and receipts — practice question

The machinery account was debited with the cost of repairing the machinery. What effect did this error have?

  • Anon-current assets overstated and profit for the year overstated
  • Bnon-current assets overstated and profit for the year understated
  • Cnon-current assets understated and profit for the year overstated
  • Dnon-current assets understated and profit for the year understated

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