Challenger App

No.1 PSC Learning App

1M+ Downloads
Which of the following is chargeable to capital?

AExpenses on erection of plant and machinery

BSalary and allowances

CAdministrative expenses

DRepairs and renewals

Answer:

A. Expenses on erection of plant and machinery

Read Explanation:

Expenses incurred to bring an asset into working condition are capital in nature.


Related Questions:

Which of the following was a key principle promoted by early union efforts?
Where was the first Rochdale Equitable Pioneers’ Co-operative Society (REPS) store located?
At what age did Robert Owen start working in a factory?
How did cooperative surplus (profits) typically get distributed in Danish dairy co-ops, reinforcing fairness among members?
Reserve fund invested in financing bank is a