GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2

Discussion Forum: GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2 - Q.No: 2

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2. Which is not an example of Capital expenditure []

  1. (b) Depreciation on fixed assets
  2. (a) Initial expenditure for acquiring patent right.
  3. (c) Preliminary expenses for floating a company.
  4. (d) Expenses for obtaining a license.

Correct Answer: (b) Depreciation on fixed assets

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