Fill in the blanks with appropriate word(s)
- Expenditures which results in the acquisition of a permanent asset is a __________expenditure.
- Amounts written off from the cost of fixed assets is __________ expenditure.
- Wages paid for the erection of machinery is a __________ expenditure.
- Amount spent on acquiring goodwill is a __________ expenditure.
- Amount spent to put second hand machinery in working condition is a __________ expenditure.
- Amount spent for replacement of part of a machine is __________ expenditure.
- Expenses incurred on whitewashing the factory premises at regular intervals are __________ expenditure.
- Heavy advertising to introduce a new product is __________ .
- Travelling expenses of Rs 30,000 paid to a technician for the erection of a new machine is __________ expenditure.
- Expenses incurred on consultancy service are __________ expenditure.
- Wages paid to workers for manufacturing a part of its plant are __________ expenditure.
- Temporary shed put up in the factory premises to store finished product is __________ expenditure.
- Gain on sale of fixed assets is treated as __________
- Assets minus liabilities is equal to __________
- Any expenditure incurred to reap benefit for a few accounting periods in future is called __________ expenditure.