Which statement best describes capital expenditure?

Type: MCQ • Marks: 1

A. Expenditure generally directed toward acquisition, construction or substantial improvement of long-term assets/capacity

B. Expenditure only on salaries

C. Expenditure only on electricity

D. Expenditure that must occur every month

Explanation

Capital expenditure is associated with long-term asset creation or enhancement.

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UPSC Principal & Vice Principal Management Finance Administration

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