State with reason whether the following are Capital or Revenue Expenses, (i) Excise duty paid
Channel: Doubtnut
Date: 05/04/2020

State with reason whether the following are Capital or Revenue Expenses, (i) Excise duty paid on purchase of new machine (ii) Wages paid to install a machine (iii) Repairs carried out on existing car. (iv) Office block of building repainted for Rs 50,000. (v) Paid telephone bill Rs 2,500