When is it necessary to distinguish between revenue and capital expenditure?
Select ONE answer:
- when preparing cash budgets
- when preparing investment appraisal calculations
- when preparing profit and loss accounts
- when preparing purchase ledger control accounts
Show your workings to arrive at your answer, and explain and justify your reasons:
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This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 3
- Not correct
- Not correct
- Correct
- Not correct
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