Accounting 0452 · IGCSE · Capital and revenue expenditure and receipts

Capital and revenue expenditure and receipts — practice question

Jas runs a printing business and has recently paid out several expenses connected with her premises.
(a)[4]

Complete the table by putting a tick (✓) next to the classification that applies to each item of expenditure. The first entry has already been done as an example.

(b)[5]

Advise Jas on whether she should rent or buy a warehouse. Justify your answer.

(c)[8]

Prepare the following accounts for the year ended 31 December 2020. Balance each account and carry the balance down on 1 January 2021.

(d)[3]

Prepare the fixtures disposal account covering the year ended 31 December 2020.

Worked solution & mark scheme

This 20-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