Practicing Success
"Purchase of share is related to capital receipt" Which of the following options is true in regards to the above statement? |
The statement is true The statement is false The statement is partially true Can't say anything about the statement |
The statement is false |
The statement stated above is false as purchase of shares causes an increase in the assets, which means it will be counted under capital expenditure. Capital expenditure is the expenditure which cause an increase in assets or reduction in the liability. |