Ecz Principles of Accounts gce grade 12 2017 paper 2

Ecz Principles of Accounts gce grade 12 2017 paper 2

1) Classify the following items under their appropriate headings namely; Capital Expenditure, Capital Receipts, Revenue Expenditure or Revenue Receipts.

Sale of old motor van.

Cost of extension to the factory premises,

Interest received on the mortgage given to G.K Company Legal costs on the purchase of a factory machinery,Cheque paid to a Landlord for rent.