State with reasons whether the following items of expenditure-02164

Online Quiz This subjective question is related to the book/course vu mgt611 Business & Labor Law. It can also be found in vu mgt611 Mid Term Solved Past Paper No. 3.

ages paid on the purchase of goods.
Carriage paid on goods purchased.
Transportation paid on purchase of machinery.
Octroi duty paid on machinery.
Octori duty paid on goods.
A second hand car was purchased for Rs. 7,000 and Rs, 5,000 were spent for its repair and overhauling.
Office building was whitewashed at a cost of Rs. 3,000.
A new machinery was purchased for Rs. 80,000 and a sum of Rs. 1,000 was spent on its installation and erection
Old furniture was repaired at a cost of Rs. 500.
Land was purchased for Rs. 1, 00,000 and Rs. 5,000 was paid for legal expenses.

Answer:

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