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

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 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 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.

Which of the following errors will affect the trial balance ? (i) The total of the sales books has not been posted to the sales account. (ii) Rs. 1,000 paid as installation charges of a new machine has been debited to Repairs account. (iii) Goods costing Rs. 4,000 taken by the proprietor for personal use have been debited to Debtors account. (iv) 1,000 paid for repairs to duilding have been debited to building account.