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2 marksDepreciation and Capital versus Revenue Expenditure

CSEC Principles of Accounts · May/June 2013 · Paper 2 · Question 7(a)

Transaction details are given for Bacolet Gray's factory operations during January 2013.

From the given transactions, identify ONE item of revenue expenditure and ONE item of capital expenditure for Bacolet Gray.

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Other parts of this question

  1. 7(b)(i)Open the T-accounts in the appropriate ledgers for: a) S. Francis, b) V. Taylor, c) Bank.[3 marks]
  2. 7(b)(ii)In EACH account opened, record the transactions which affect that account. Balance the accounts at the end of the month.[15 marks]

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