Accounting equation:

Assets = Liability + Capital

Resources = Other + Own

Q1. Practice Question (Solve with accounting equation):

Asset Liabilities Capital

$ $ $
a) 10,000 ? 2,029
Assets = Liability + Capital
10,000 = x + 2,029
10,000 - 2,029 = x
7,971

Asset Liabilities Capital

b) 9,000 3,000 ?
$ $ $
Solution:
Assets = Liabilities + Capital
9,000 = 3,000 + x
9,000 - 3,000 = + x
6,000 = x

Asset Liabilities Capital

c) 3,000 1,090 ?
$ $ $

Solution:
Assets = Liabilities + Capital
3,000 = 1,090 + x
3,000 - 1,090 = x
1,910 = x

d) ? 2,000 2,009

$ $ $
Solution:
Assets = Liabilities + Capital
x = 2,000 + 2,009
x = 4,009

e) ? 3,100 4,790
 $ $ $
Solution:
Assets = Liabilities + Capital
x = 3,100 + 4,790
x = 7,890

f) 4,723 3,232 ?

$ $ $
Solution:
Assets = Liabilities + Capital
4,723 = 3,232 + x
4,723 - 3,232 = x
1,491 = x

Q2. Practice Question (Solve with accounting equation):

Liabilities Capital Assets
$ $ $ Answer
a) ? 20,000 42,009 22,009
b) 7,009 ? 11,111 4,102
c) 3,320 ? 13,131 9,811
d) ? 2,323 4,323 2,000
e) 5,000 7,723 ? 12,723

Q3. Practice Question (Solve with accounting equation):

Asset Liabilities Capital
$ $ $ Answer
a) ? 20,000 7,000 27,000
b) 7,003 2,001 ? 5,002
c) 14,929 5,000 ? 9,929
d) ? 2,732 67 2,799
e) 17,003 ? 1,001 16,002
f) ? 6,270 2,070 8,340

Q4. Which of the items in the following list are asstes and liabilites?
a) Motor vehicle (A) b) Loan from Mr. C (L)
c) Bank (A) d) Rent payable (L)
e) Furniture (A) f) Cash (A)

Q5. Which of the items in the following list are asstes and liabilites?
a) Stocks (A) b) Tables and chairs (A)
c) Electricity bill payable (L) d) Building (A)
e) Bank loan (L)
 Q6. Which of the items in the following list are asstes and liabilites?
a) Telephone bill payable (L) b) Telephone set (A)
c) Salaries payable (L) d) Cheque received (A)
e) Creditors (L)

Q7. a) Distinguish between Current Assets, Non Current Assets,

Current liabilities and Non current liabilities.
b) Distinguish between Tangible and intangible assets.
1) Cash at bank (CA) 2) Paid rent 3) Cash at hand (CA)
4) Stock (CA) 5) Trade rec 6) Trade payables (CL)
7) Tax payable (CL) 8) Goodwill 9) Land (NCA) - Tangible
10) Building (NCA) - Tangible 11) Equipment 12) Software (NCA) - Intangible
13) Property (NCA) - Tangible 14) Copy righ 15) Stationary (CA)
16) Furniture (NCA) - Tangible 17) Bank over 18) 5 years bank loan (NCL)
19) Websites (NCA) - Intangible 20) Machinery 21) Interest payable (CL)
22) Expense payable (CL) 23) Interest 24) 5 years investment (NCA) - Tangible

Trade Receivable/Account receivable/Debtors = Credit Customers (CA)

Trade payable/Account payable/Creditors = Credit suppliers (CL)
Prepaid (CA) = Paid in advance
Inventory/stock (CA)

Q8. a) Distinguish between Current Assets, Non Current Assets,

Current liabilities and Non current liabilities.
b) Distinguish between Tangible and intangible assets.- NCA
1) Land (NCA) - Tangible 2) Rent paya3) Motor vehicle (NCA) - Tangible
4) Cash in hand (CA) 5) Paid fees6) Salary payable (CL)
7) Bank overdraft (CL) 8) Machinery9) Building (NCA) - Tangible
10) Furniture (NCA) Tangible 11) Prepaid r12) Copy right (NCA) -Intangible
13) Account payable (CL) 14) Debtors (15) Telephone bill payable (CL)
16) Interest payable (CL) 17) Tax payab18) Goodwill (NCA) - Intangible
19) Wages payable (CL) 20) Van (NCA)21) Bank balance (CA)
22) Prepaid advertising (CA) 23) Table and24) Printer paper unused (CA)
25) Creditors (CL) 26) Inventory27) Commission payable (CL)
28) Equipment (NCA) - Tangible 29) 6 months30) Computers (NCA) - Tangible

Accounting equation:
At year start:
Assets = Liability + Capital

At Year end:
Assets = Liability + Capital + Net profit - Drawing + Additional investment
OR
 Assets = Liability + Capital - Net Loss - Drawing + Additional investment
OR
Net Assets = Assets - Liability
OR
Net Assets = Capital + Net profit - Drawing + Additional investment

Q9. Solve the following question with accounting equation?

a) Calculate the missing figure:

Assets $65,000 Drawing $5,000
Liabilties $18,000 Additiona $8,000
Capital $22,000 Net profit ?

Solution:
Assets = Liabilities + Capital + Net profit -
65,000 = 18,000 + 22,000 + x -
65,000 = 43,000 + x
65,000 - 43,000 = + x
22,000 = x

b) Calculate the missing figure:

Asstes $78,000 Drawing $10,000
Liabilities $15,000 Additional investment $2,000
Capital ? Net profit $30,000

Solution:
Assets = Liabilities + Capital + Net profit -
78,000 = 15,000 + x + 30,000 -
78,000 = 37,000 + x
78,000 - 37,000 = + x
41,000

c) Calculate the missing figure:

Assets ? Drawing $8,000
Liabilites $22,000 Additional investment $18,000
Capital $18,000 Net Loss $4,000

Solution:
Assets = Liabilities + Capital - Net Loss -
x = 22,000 + 18,000 - 4,000 -
x = 46,000

d) Calculate the missing figure:

Net Assets $85,000 Additional investment $36,000
 Capital $40,000 Net profit $12,000
Drawing ?

Solution:
Net Assets = Capital + Net profit - Dawing +
85000 = 40,000 + 12000 - x +
85,000 = 88,000 - x
85,000 - 88,000
-3000 = - x
3000 = x

e) Calculate the missing figure:

Assets $105,000 Drawing $13,000
Liabilites ? Additiona $10,000
Capital $42,000 Net profit $15,000

Solution:
Assets = Liabilities + Capital + Net profit -
105,000 = x + 42,000 + 15,000 -
105,000 = x + 54,000
105,000 - 54,000 = x
51,000 = x

Q10. Draw up N. Marriott's statement of financial position from the following information
as at 31 December 2011: (Accounting equation)
$
Capital 20,700
Account Receivable 800
Car 8,300
Account payable 3,600
Equipment 7,900
Inventory 5,700
Cash at bank 1,600

Solution:
Assets = Liability + Capital
$ $ $
Account Receivable 800 = Account payable 3,600 + 20,700
Car 8,300
Equipment 7,900
Inventory 5,700
Cash at bank 1,600
24,300 = 3,600 + 20,700
Q11. Draw up Mr. M statement of financial position as at 30 June 2012 from the following
items:
$
Capital 10,200
Equipment 3,400
Account payable 4,100
Inventory 3,600
Accounts receivable 4,500
Cash at bank 2,800

Solution:
Assets = Liability + Capital
Equipment 3,400 Account payable 4,100 10,200
Inventory 3,600
Accounts receivable 4,500
Cash at bank 2,800
14,300 = 4,100 + 10,200
###
###
###
###
###
 (NCA) - Tangible

A) - Tangible
Dawing + Additional investment
5,000 + 8,000

Dawing + Additional investment

10,000 + 2,000

Dawing + Additional investment

8,000 + 18,000
Additional investment
36000

Dawing + Additional investment

13,000 + 10,000
 Practice Questions

Q1. Complete the columns to show the effects of the following transactions:

Assets = Liability +
$ = $ +
a) $500 paid to creditors in cash (500) (500)
b) $600 cheque received from customers 600
(600)
c) Proprietor introduced $500 into business in cash 500 =
d) Bought some furniture at $2,000 on credit 2,000 = 2,000
e) Sold some old furniture at $200 on cash 200
(200)
g) Mr. King lends the business $2,500 in cash 2,500 = 2,500
4,500 = 4,000 +

For Undersdtanding Purpose:

Customer Mr.A
2-Jan-24 Sale 100,000
10-Jan-24 Sale 50,000
15-Jan-24 Collection (60,000)
Remaining 90,000

Q2. Complete the columns to show the effects of the following transactions:
Assets = Liability +
$ $
a) Debtors paid $500 by cheque. 500
(500)
b) Paid loan by cheque to Mr. Smith amount $1,000 (1,000) = (1,000)
c) Bought material for credit at amount $2,000 2,000 = 2,000
d) We paid to supplier by cheque $1,500 (1,500) = (1,500)
e) Owner introduced some further cash $2,500 2,500 =
f) We returned goods to supplier $500 (500) = (500)
g) Customer paid $700 in cash 700
(700)
1500 = (1,000) +

Q3. Complete the columns to show the effects of the following transactions:
Assets = Liability +
$ $
a) Proprietor put first time cash $5,000 5,000 =
b) Bought building paying $5,000 in cash 5,000
(5,000)
c) Bought extra furniture $500 by cheque 500
(500)
d) Sold motor vehicle at amount $1,000 by cash 1,000
(1,000)
e) Machinery sold for at amount $5,000 by cash 5,000
(5,000)
f) Receipt payments $2,000 from debtors 2,000
(2,000)
5,000 =

Q4. Complete the columns to show the effects of the following transactions:
Assets = Liability +

a) Purchase material from Mr. Smith for credit $7,200 7,200 = 7,200
b) Mr. Smith bought goods $200 by cheque 200
(200)
c) Mr. King paid us $250 by cash 250
(250)
d) Mr. Walker lend us $2,000 2,000 = 2,000
e) We paid Mr. Smith $7,200 by cheque (7,200) = (7,200)
f) Proprietor introduced his car amount $2,500 into business 2,500 =
4,500 = 2,000 +

Q5. Complete the columns to show the effects of the following transactions:
Assets = Liability +
$ = $ +
a) Sold motor vehicle at amount $16,000 by cash 16,000
(16,000)
b) We returned good $900 to supplier (900) = (900)
c) Receipt payments $7,000 from debtors 7,000
(7,000)
d) Bought premises paying $7,000 by cash 7,000
(7,000)
e) Mr. King lends the business $1,500 in cash 1,500 = 1,500
f) $600 cheque received from customer 600
(600)
600 = 600 +

Q6. Complete the columns to show the effects of the following transactions:
Assets = Liability +
$
a) Started business with $2,000 cash 2,000 =
b) Returned faulty furniture costing $65 to Betta Built Ltd. (65) = (65)
c) Paid to Super Motor a cheque for $890 (890) = (890)
d) Took $400 out of the bank and put it into the cash till 400
 (400)
e) Repaid part of Chow's loan by cash $150 (150) = (150)
f) Paid the amount owing to Planers Ltd. $750 by cheque (750) = (750)
145 = (1,855) +
Capital
$

500

500

Capital
$

2,500

2,500

Capital
$
5,000
 5,000

Capital

2,500
2,500

Capital
$

Capital
$
2,000
2,000
TSA Kit
Basic concept
Page no 19 to 24
(ignore Q7, 13, 14,15)

Q1. Which of the following statement is correct?

A. Assets + Capital = Liabilities
B. Liabilities + Capital = Assets
C. Liabilities + Assets = Capital
D. Assets + Liabilities = Capital

Q2. When goods are taken out of the business for personal use by owner of a business,
these will be recorded as:
A. Drawings
B. As expense
C. Stock
D. A liability

Q3. Which of the following is not as asset?

A. Building
B. Cash balance
C. Debtors
D. Loan from Mr. Jims

Q4. Which of the following is a liability?

A. Machinery
B. Creditors
C. Motor vehicles
D. Cash at bank

Q5. Which of the following is a current asset?

A. Owner's capital Owner's capital
B. Petty Cash
C. Salesmen's motor car
D. Computer software

Q6. The accounting equation can be written as:

A. Assets = owner + Liabilities
B. Assets - Liabilities = Capital - profit + drawing
C. Net assets = assets - liabilities
D. Net assets + sales = capital - expenses - drawings

Q7. The capital of a sole trader would be change as a result of: Asset = Liability + Capital + Net profit - drawing + ad
A. A creditor being paid his account by cheque
B. Raw materials being purchased on credit
C. Fixed assets being purchased on credit.
D. Wages being paid in cash

Q8. What is the main purpose of an accounting system to a business?

A. To generate the business accounts
B. To calculate the tax payable by a business
C. To record, summarize and present information from documentation generated by business
transactions.
D. To enable the owner to know if the business is trading profitably

Q9. The owner of a small business draws out some money for personal use. Which of the following
correctly states the effect of drawings upon the accounting equation?
A. Assets increase, capital increases
B. Assets decrease, capital increase
C. Assets decrease, capital decrease
D. Assets decrease, liability decrease

Q10. The assets of an organization with owner's equity $100,000 and liabilities $50,000
A. $50,000 Assets = Liability +
B. $150,000 150,000 = 50,000 +
C. $100,000
D. None of the above

Q11. Which of the following is a current liability?

A. Trade debtors
B. Stock
C. Bank overdraft
D. Drawings

Q12. Which of the following describes the accounting equation?

A. Net assets = capital - profit - drawings
B. Net assets = capital - profit + drawings
C. Net assets = capital + profit + drawings
D. Net assets = capital + profit - drawings

Q13. If the owner of a business withdraws cash from the business bank account in order
to meet her own expenses, this is classified as drawings. This is an example of the
operation of:
A. Internal control
B. Personal ledger accounting
C. Segregation of duties
D. The separate entity principle.
Q14. When stock is purchased on credit: Assets = Liability
A. Net assets and owner's capital do not change $100 = $100
B. Net assets increase and owner's capital increase 100-100 =
C. Net assets decrease and owner's capital decrease 0
D. Net assets increase and owner's capital Same

Q15. When an expense is paid in cash: Asset = Liability + Capital + Net profit - drawing + ad
A. Net assets increase and profit increase
B. Net assets decrease and profit decrease Sale 1250
C. Net assets remain the same and profit increase Cost (1,000)
D. Net assets remain the same and profit decrease Profit 250

Q16. Which of the following is a current asset?

A. Bank deposit account
B. Premises
C. Computer
D. Tools

Q17. Which of the following should be classified as a current asset in a business selling scaffolding
equipment?
A. Transport vehicle Purchase goods for resale = Inventory/Stock/Purchases
B. Scaffolding Purchase NCA = NCA
C. Cerditors Sale of goods = Sales
D. Bank loan Sale of NCA = NCA

Q18. A trade debtor is ?

A. A person to whom the business owes money in return for goods supplied
B. A person who has purchased goods from the business
C. A person to whom the business owes money which was lent the to finance the trading
operation of the business
D. A person owing money to the business in return for goods supplied

Q19. Which of the following best describes the term current asset?
A. Money which the business currently has its bank account
B. An asset currently in use by a business
C. An amount owed to somebody else which is due for repayment soon
D. Something a business has or uses, which is likely to be held only for a short time

Q20. Which of the following is a current liability?

A. Goodwill
B. A loan from a director of the company repayable in two years time
C. A bank overdraft
D. Capital
Q21. Jack pays for computer by a cheque from the business bank overdraft. Which parts of
the accounting equation are changed by this transaction?
A. Assets and liabilities
B. Assets and Income
C. Liabilities and profit
D. Capital and income

Q22. Which of the following best definition of current asset?

A. Assets retained for use within the business on order to generate income or make profits
B. Money or other items owned by the business, which will be converted to money as part of
the day to day trading activities
C. The amount owed by the business to the owner
D. Amounts taken out of the business by the owner for their personal use.

Q23. Which of the following would be a non current assets?

A. Stock/Inventory
B. Debtors/Account receivable
C. Factory premises
D. Bank overdraft

Q24. Which parts of the accounting equation are changed by paying off a loan by cash?
A. Assets, capital
B. Assets, liabilities
C. Capital, liabilities
D. Assets, capital, liabilities

Q25. Which of the following statements is incorrect?

A. Assets - capital = liabilities
B. Liabilities + capital = assets
C. Liabilities + assets = capital
D. Assets - liabilities = capital

Q26. Which of the following is incorrect?

Assets Liabilities Capital
$ $ $
A. 7,850 1,250 6,600
B. 8,200 2,800 5,400
C. 9,550 1,150 8,200
D. 6,540 1,120 5,420

Q27. Which of the following statement is correct?

Effects upon
Assets Liabilities
A. We paid a creditor by cheque - Bank - Creditors
B. A debtor paid us $90 in cash + Cash + Debtors
C. J Hall lends us $500 by cheque + Bank - Loan from Hall
D. Bought goods on credit + Stock + Capital

Q28. Which of the following best describes the meaning of purchases?

A. Items bought Purchase of goods (for resale)= Purchases
B. Goods bought on credit Purchase of NCA = NCA
C. Goods bought for resale Sales of goods = Sales
D. Goods paid for Sale of NCA = NCA

Q29. Which of the following should not be called sales?

A. Office fixtures sold
B. Goods sold on credit
C. Goods sold on cash
D. Sale of item previously included in purchases

Q30. Given the following, what is the amount of capital? Assets: Premises $20,000, Stock $8,500,
Cash $100. Liabilities: Creditors $3,000, Loan from A Adams $4,000.
A. $21,100
B. $21,600
C. $32,400
D. $21,400

Solution:
$ $ $
Assets = Liabilities + Capital
Premises 20,000 = Creditors 3,000
Stock 8,500 Loan 4,000
Cash 100
28,600 = 7,000

28,600 - 7,000 = 21,600

Q31. Which of the following is correct? Sudy text BPP

A. Profit does not alter capital Page no 30 to 34
B. Profit reduce capital
C. Capital can only come from profit
D. Profit increases capital

Q32. A tradre's net profit for the year may be computed by using which of the following formula?
A. Opening capital + drawings - capital introduced - closing capital
B. Closing capital + drawings - capital introduced - opening capital
C. Opening capital - drawings + capital introduced - closing capital
D. Closing capital - drawings + capital introduced - opening capital
Q33. The profit earned by a business in 1997 was $72,500. The proprietor injected new capital of $8,000
during the year and withdraw goods for his private use which had cost $2,200. If the net assets at the
beginning of 1997 were $101,700, what were the closing net assets?
A. $35,000
B. $39,400
C. $168,400
D. $180,000

Formula:
Net Assets/Capital at start x 101,700
Add profit x 72,500
Less drawing (x) (2,200)
Add additional investment x 8,000
Net Assets/Capital at end x 180,000

Q34. The profit made by a business in 2004 was $35,400. The proprietor injected new capital of $10,200
during the year and withdraw a monthly salary of $500. If the net assets at the end of 2004 were
$95,100, what was the proprietor's capital at the beginning of the year?
A. $50,000
B. $55,500
C. $63,900
D. $134,700

Solution: Verify:
Net Assets/Capital at start 55,500 55,500
Add profit 35,400 35,400
Less drawing (500 x 12) (6,000) (6,000)
Add additional investment 10,200 10,200
Net Assets/Capital at end 95,100 95,100

Q35. A business had net assets of $32,500 at 1 January 2004. The net profit, after proprietor's
drawings, for the year ended 31 December 2004 was $13,250. Drawings were made at the
rate of $750 per month in cash. The propreitor also withdrew for his own use goods costing $340
and with a selling price of $800. No new capital introduced during the year. What were the
net assets 31 Decemeber 2004?
A. $35,950 Drawing:
B. $36,410 Cash (750 x 12) 9000
C. $45,750 Goods - Cost 340
D. $64,430 9340

Solution:
Net Assets/Capital at start 32,500
Add profit 13,250
Less drawing
Add additional investment
 Net Assets/Capital at end 45,750

Q36. A business has net assets at 1 January and 31 December 2004 of $75,600 and $73,800
respectively. During the year, the proprietor introduced additional capital of $17,700 and
withdrew cash and goods value of $16,300. What profit or loss was made by the business in 2004?
A. $3,200 loss
B. $400 loss
C. $400 profit
D. $3,200 profit
Solution:
Net Assets/Capital at start 75,600
Loss (3,200)
Less drawing (16,300)
Add additional investment 17,700
Net Assets/Capital at end 73,800

Q37. A business had net assets at 1 January and 31 December 2004 of $47,100 and $54,200
respectively. During the year the proprietor introduced additional capital of $22,000 and
made drawings of $200 per week. What profit or loss was made by the business in 2004?
A. $18,700 loss
B. $4,500 loss
C. $4,500 profit
D. $18,700 profit

Solution:
Net Assets/Capital at start 47,100
Loss (4,500)
Less drawing (200 x 52) (10,400)
Add additional investment 22,000
Net Assets/Capital at end 54,200

Q38. Wanda keeps no accounting records.The following information is available about her position
and transaction for the year ended 31 December 2004:
$
Net assets at 1 January 210,000
Drawing during 2004 48,000
Capital introduced during 2004 100,000
Net assets at 31 December 2004 400,000
Based on this information, what was Wanda's profit for 2004?
A. $42,000
B. $242,000
C. $138,000
D. $338,000

Solution:
Net Assets/Capital at start 210,000
Add profit 138,000
Less drawing (48,000)
Add additional investment 100,000
Net Assets/Capital at end 400,000
+ Net profit - drawing + additional investment
Capital
100,000
 + Capital
+ 0
0
0

+ Net profit - drawing + additional investment

1,250
(1,050)
200
ale)= Purchases
Employer Employee
Owner Staff

9340
 Expense:
An expense is the money spent or cost incurred in an entity's efforts to generate revenue.
Expenditure

Capital Revenue
i) Convert into non current assets (NCA). i) Support non current assets (NCA).
ii) Intention to use. ii) Intention to sale.(For resale purpose).
iii) Expenditure incurred to bring asset iii) Avail one time benefit.
into useable condition.
iv) After start NCA expenditure incurred if, iv) After start NCA expenditure incurred if,
Increase life, Constant life,
Increase worth, Constant worth,
Increase production, Constant production,
Increase capacity, Constant capacity,
Increase effeciency etc. Constant effeciency etc

Q1. Classify the following between Capital and Revenue expenditure:

a) The purchase of machinery for use in the business.(CE)
b) Carriage paid to bring the machinery in (i) above to the work. (CE)
c) Complete redecoration of the premises at a cost of $1,500. (RE)
d) A quarterly acount of heating/Electricity bill. (RE)
e) The purchase of a soft drink machine. (CE)
f) Wages paid by a building contractor to his own workmen for the erection of an office
in the builder's stockyard. (CE)

Q2. Classify the following between Capital and Revenue expenditure:

a) Purchase of a new van. (CE)
b) Cost of altering interior of new van to increase carrying capacity. (CE)
c) Cost of motor tax of new van. (RE)
d) Cost of motor tax of existing van. (RE)
e) Cost of painting business name on new van. (CE)
f) Repair and maintenance of existing van.(RE)

Q3. Classify the following between Capital and Revenue expenditure:

a) Van purchase by a garage. (CE) BPP
b) Repairs to a fruiter's van. (RE)
c) The cost of installing a new machine. (CE)
d) Cost of hiring refrigeration plant in a buthcher's shop. (RE)
e) Twelve dozen sets of cutlery, purchased by a catering firm for a new dining room. (CE)
f) A motor vehicle bought for resale by a motor dealer. (RE)
g) The cost of acquiring copy rights. (CE)

Q4. Classify the following between Capital and Revenue expenditure:

a) The cost of repairs and an extension to the premises. (CE)
b) Intallation of a gas central heating boiler in place of an oil-fired central heating boiler. (CE)
c) Small but expensive alterations to a cigarette manufacturing machine which increased
the machine's output by 20 percent. (CE)

Q5. Classify the following between Capital and Revenue expenditure:

a) Cost of building extension to factory.(CE)
b) Purchase of extra filing cabinets for sales office. (CE)
c) Cost of repairs to accounting machine. (RE)
d) Legal fees paid in connection with factory extension. (CE)

Q6. Classify the following between Capital and Revenue expenditure:

a) Purchase of new van. (CE)
b) Cost of rebuilding warehouse wall which had fallen down. (RE)
c) Building extension to the warehouse. (CE)
d) Painting extension to the warehouse when it is first built.(CE)
e) Repainting extension to the warehouse three years later than that done in (d).(RE)
f) Carriage cost on bricks for new warehouse extension. (CE)
g) Carriage cost on sales. (RE)
h) Carriage cost on purchase.(RE)
i) Legal cost of collecting debts. (RE)
j) Legal charges on acquiring new premises for office.(CE)
k) Fire insurance premium. (RE)
l) Cost of erecting new machine.(CE)

Q7. Classify the following between Capital and Revenue expenditure:

a) Repairs to meat slicer. (RE)
b) New tyre for van. (RE)
c) Additional shop counter. (CE)
d) Renewing signwriting on shop. (RE)
e) Fitting partitions in shop. (CE)
f) Roof repairing. (RE) BPP study text
g) Installing thief detection equipment. (CE) Kaplan study text
h) Wages of shop assistant. (RE)
i) Carriage on sales. (RE)
j) New cash register. (RE)
k) Repairs to office safe. (RE)
15 Million

4 Million Labor