What puppet was based on the creators former wife Sylvia?

A. General journal
B. Cash journal
C. Purchase journal
D. Purchase return journal

Capital expenditure is an expenditure which

A. Benefits the current accounting period
B. Will benefit the next accounting period
C. Results in the acquisition of a permanent asset
D. Results in the acquisition of a current asset

A capital expenditure is a non- recurring expenditure whose benefit lasts for more than
one accounting period. Example is the acquisition of a fixed or permanent assets.