The costs of acquiring fixed assets and bringing them into the firm is a

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Accounts - Principles of Accounts JAMB 2016

The costs of acquiring fixed assets and bringing them into the firm is a

  • general expenses
  • recurrent expenditure
  • revenue expenditure
  • capital expenditure checkmark

The correct answer is: D

Explanation

Capital expenditure; money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.

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