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CA Foundation · Accounting · Capital or Revenue Item

Exercise and reference answers

Items
  1. Item
    Purchase of machinery
    Answer
    left
  2. Item
    Salary paid
    Answer
    right
  3. Item
    Rent received in advance
    Answer
    left
  4. Item
    Depreciation for the year
    Answer
    right
  5. Item
    Owner's drawings
    Answer
    left
  6. Item
    Carriage on goods sold
    Answer
    right
Categories
Left
Capital item (Balance Sheet)
Right
Revenue item (Income Statement)
Instructions
Sort each item: appears on Balance Sheet or Income Statement?
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