__________ expenditure is shown on the expense side of income and expenditure account.

Purchase of a fixed asset

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Capital expenditure incurred on a fixed asset

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Profit on the sale of a fixed asset

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Sale of a fixed asset

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Profit on the sale of a fixed asset

Revenue expenditure is shown on the expense side of income and expenditure account.

Suggest Corrections

Similar questions

Q. Expenditure incurred on purchase of fixed asset is ______.

Q. How are the sale of fixed assets, sale of sports materials, and sale of newspapers treated when recorded in the Income and Expenditure A/c of an organisation?

Q. Profit on sale of fixed asset is a/an .

Q. An expenditure incurred relating to fixed asset resulting in increase in capacity of the asset should be_____________.

Assuming that the Debt-Equity Ratio is 2 : I, state, giving reasons, which of the following transactions would (I) Increase; (ii) Decrease; (ii.) Not alter the Debt-Equity Ratio :

(i) Issue of new shares (Preference/Equity) for Cash.

(ii) Issue of new shares (Preference/Equity) against purchase of fixed asset.

(iii) Buy-back of its own shares by a Company.

(iv) Issue of Debentures for Cash.

(v) Issue of Debentures against purchase of fixed asset.

(vi) Repayment of Long-term Borrowings.

(vii) Conversion of Debentures into Equity Shares/Preference Shares.

(viii) Sale of a fixed asset at par.

(ix) Sale of a fixed asset at profit.

(x) Sale of a fixed asset at loss.

(xi) Purchase of a fixed asset on a credit of 2 months.

(xii) Purchase of a fixed asset on long-term deferred payment basis.

(xiii) Issue of Bonus Shares.

Join BYJU'S Learning Program

__________ expenditure is shown on the expense side of income and expenditure account.

The correct option is C Profit on the sale of a fixed asset Revenue expenditure is shown on the expense side of income and expenditure account.

The correct option is C
Profit on the sale of a fixed asset

Revenue expenditure is shown on the expense side of income and expenditure account.