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प्रश्न
State whether the following statement is True or False with reasons.
Purchases of Sports Equipments is a Capital Expenditure.
पर्याय
True
False
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उत्तर
Purchases of Sports Equipments is a Capital Expenditure. - True.
Explanation:
Generally, the life span of sports equipment is more than one year, so the purchase of sports equipment is considered a capital expenditure.
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संबंधित प्रश्न
Receipt and Payment account is a ______ account.
Write one Word/Term/Phrase for the following statement.
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| Particulars | ₹ | ₹ | Particulars | ₹ |
| Bank overdraft (1.4.2018) | 6,000 | Honorarium paid | 2,800 | |
| Cash in hand (1.4.2018) | 1,000 | Water and electricity charges | 700 | |
| Wages paid for ground maintenance | 2,000 | Match expenses | 2,600 | |
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| Subsequent year | 400 | 10,500 | Cash balance (31.03.2019) | 300 |
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| Cash balance as on 1.1.2018 | 2,000 | Fire Insurance premium paid | 1,500 |
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| Opening cash balance | 15,000 | Salary of watchman | 12,000 |
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| ₹ | |
| Subscriptions outstanding on 1.4.2020 | 1,00,000 |
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| Subscriptions received in advance on 1.4.2020 | 50,000 |
| Subscriptions received in advance on 31.3.2021 | 80,000 |
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