MCQOPTIONS
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| 1. |
An expenditure is capital in nature when |
| A. | The receiver of the amount is going to treat it for the purchase of fixed assets. |
| B. | It increases the quantity of fixed assets. |
| C. | It is paid as interest on loans for the business. |
| D. | It maintains of fixed asset. |
| Answer» C. It is paid as interest on loans for the business. | |