Overhaul expenses of second-hand machinery purchased are Revenue Expenditure.
Money paid to Mahanagar Telephone Nigam Ltd. (MTNL) ₹ 8,000 for installing telephone in the office.
Rings and Pistons of an engine were changed at a cost of ₹ 5,000 to get fuel efficiency.
Add description here!
₹ 1,000 paid for removal of Inventory to a new site.
Amount spent as lawyer's fee to defend a suit claiming that the firm's factory site belonged to the plaintiff's land is Capital Expenditure.
Money spent to reduce working expenses is Revenue Expenditure.
Amount spent for replacement of worn out part of machine is Capital Expenditure.
Legal fees to acquire property is Capital Expenditure.
Expenses incurred in connection with obtaining a license for starting the factory for ₹ 10,000.
Add description here!
A factory shed was constructed at a cost of ₹ 1,00,000. A sum of ₹ 5,000 had been incurred in the construction of temporary huts for storing building material.