Fill in the blanks with appropriate word(s)

  1. Expenditures which results in the acquisition of a permanent asset is a __________expenditure.
  2. Amounts written off from the cost of fixed assets is __________ expenditure.
  3. Wages paid for the erection of machinery is a __________ expenditure.
  4. Amount spent on acquiring goodwill is a __________ expenditure.
  5. Amount spent to put second hand machinery in working condition is a __________ expenditure.
  6. Amount spent for replacement of part of a machine is __________ expenditure.
  7. Expenses incurred on whitewashing the factory premises at regular intervals are __________ expenditure.
  8. Heavy advertising to introduce a new product is __________ .
  9. Travelling expenses of Rs 30,000 paid to a technician for the erection of a new machine is __________ expenditure.
  10. Expenses incurred on consultancy service are __________ expenditure.
  11. Wages paid to workers for manufacturing a part of its plant are __________ expenditure.
  12. Temporary shed put up in the factory premises to store finished product is __________ expenditure.
  13. Gain on sale of fixed assets is treated as __________
  14. Assets minus liabilities is equal to __________
  15. Any expenditure incurred to reap benefit for a few accounting periods in future is called __________ expenditure.