State whether the following expenses are capital or revenue in nature:
(i) Expenses on whiteashing and painting of a building purchases to make it ready for use.
(ii) Rs 10,000 spent on constructing platform for a new maching
(iii) Repair expenses of Rs 25,000 incurred for whitewashing of factory building
(iv) Insurance premium paid as renewal premium
(v) Purchased a new car.

State whether following expenditures are capital or revenue in nature (i) Second -hand car was purchased for a sum of Rs 1,00,000. A sum of Rs 10,000 was spent on its overhauling (ii) Rs 25,000 paid for the installation of a new machine. (iii) Repairs for Rs 5,000 negligence (iv) Cost of annul taxes paid and the car mentioned above (v) Cost of air-conditioning of the office of the General Manager

State with reason whether the following are Capital or Revenue Expenses, (i) Excise duty paid on purchase of new machine (ii) Wages paid to install a machine (iii) Repairs carried out on existing car. (iv) Office block of building repainted for Rs 50,000. (v) Paid telephone bill Rs 2,500

State with reasons whether following are Capital or Revenue Expenditures: (i) Custom duty paid on import of a machinery. (ii) Wages paid in connection with the erection of a new machinery. (iii) Rs 5,000 spent on repainting the factory. (iv) Repairs for Rs 2,000 necessitated by negligence of an operator of machine. (v) Rs 10,000 paid for electricity bill

Pass the necessary Journal entries to rectify the following errors: (i) Rs. 15,000 paid as wages for the construction of office building debited to Salaries Account. (ii) Rs. 20,000 spent on the purchases of material for the construction of building debited to Purchases Account. (iii) Rs. 50,000 spent on the extension of building was debited to Building Repairs Account. (iv) Rs. 25,000 spent on whitewash of a new building was charged to Building Repairs Account. (v) Rs. 1,000 paid as installation charges for newly purchased second hand machinery posted to Cartage Account. (vi) Rs. 10,000 paid as repairing charges on the reconditioning of a newly purchased second hand machinery debited to General Expenses Account. (vii) Rs. 5,000 paid as repairing charges of an existing machine in use charged to Machinery Account. Rs. 10,000 paid by cheque for a printer was charged to the Office Expenses Account.