1.

State whether the following are capital, revenue or deferred revenue? 1. Legal fees paid to the lawyer after acquiring a land Rs. 20,000. 2. Heavy advertising cost of Rs. 12,00,000 spent on introducing a new product. 3. Renewal of factory licence Rs. 12,000. 4. A sum of Rs. 4,000 was spent on painting the factory. 5. Carriage paid on goods sold.

Answer»

1. Capital 

2. Deferred revenue 

3. Revenue 

4. Revenue 

5. Revenue



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