Accounting for IGCSE & O level - Accounting Procedures (Section 7 - No. 7)
What is the impact on the profit of the business if a capital expenditure is recorded correctly?
Profit will be understated.
Profit will be overstated.
Profit will be unaffected.
Profit will vary.
Explanation
The correct recording of capital expenditure does not affect the profits for that year.
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