Which of the following is capital expenditure?

Assessment: WAEC SSCE - Financial Accounting - 1995 (Objective) Subject: Financial Accounting

Question 1 Report

Which of the following is capital expenditure?
Answer Details
Capital expenditures are expenses that are expected to produce benefits over a period of several years or more, rather than being immediately consumed. Based on this definition, the option that represents capital expenditure is the "extension of building". This is because the construction of a building is a long-term asset that is expected to produce economic benefits for many years to come.
Read lesson note on Accounts Of Not-for-profit-making Organizations (JAMB)
Read lesson note on Nature And Significance Of Accounting (JAMB)
View Answer

Related Questions

1

Which of the following is an example of Personal Accounts?
2

If incorrect entries on the debit side equal other incorrect entries on the credit side, the error is that of
3

Subscription in advance is an example of
4

The reward given to a debenture holder is called
5

Which of the following is not a debit entry on a sales ledger control account?
6

The accounting entries required for increase in provision for doubtful debts are
7

Which of the following is the basis of accounting in the Civil Service?
8

Which of the following is the effect of a reduction in the provision for doubtful debts?

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning