Accounting 0452 · IGCSE · Capital and revenue expenditure and receipts

Capital and revenue expenditure and receipts — practice question

A limited company trades in office equipment. The amounts below were entered in the company’s accounting records. 1. cash received from disposal of motor vehicle $6000 2. cash received from issue of shares $9000 3. discount received $8000 4. rent received $5000 What was the total value of the capital receipts of the company?

  • A$13 000
  • B$14 000
  • C$15 000
  • D$23 000

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