INTERVIEW QUESTIONS ACCOUNTING PROCESS CAPITAL AND REVENUE EXPENDITURE AND RECEIPTS DETAILS

Question: Capital expenditure provides _________ benefit:
a) Short period
b) Long Period
c) Very short period
d) None

Answer: (b) Long period
Description: Capital expenditure provides long period benefit which is of endurable nature and results in benefit to the organization.

(b) Long period
Description: Capital expenditure provides long period benefit which is of endurable nature and results in benefit to the organization. Source: CoolInterview.com

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