A school installs a completely new solar power system that substantially reduces dependence on conventional electricity...
Type: MCQ • Marks: 1
A school installs a completely new solar power system that substantially reduces dependence on conventional electricity and provides long-term service The installation may be classified as:
Options
A. Capital expenditure
B. Revenue expenditure in every case
C. Salary expenditure
D. Transfer expenditure
Explanation
A new long-term asset/system generally represents capital expenditure, subject to applicable recognition rules.
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UPSC Principal & Vice PrincipalManagement Finance Administration
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