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Money spent to acquire or upgrade physical assets is known as:

(a) Revenue Expense (b) Capital Expense (c) Administrative Expense (d) Operating Expense

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Question added by SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline
Date Posted: 2014/04/15
Umer Sharif
by Umer Sharif , Head Of Accounts Dept , Allied Petroleum Pvt Ltd

Capital Expenditure

Umer Aziz
by Umer Aziz , Senior Accountant , TERNA Bahrain Holding - GEK Group (www.terna.gr)

Correct option is Captial expenditure

Shafiulla Mohammad
by Shafiulla Mohammad , Customer Service Adviser , University of Bedfordshire

Money spent to acquire or upgrade any physical or tangiable asset is termed as Capital Expenditure as the asset is expected to be utilised in a long run.

Mujtaba Hussain
by Mujtaba Hussain , Accounts officer , Miraj Entertaiments

Money spent to acquire or upgrade physical assets is known as Capital Expenditure

Mukkaram Siddique
by Mukkaram Siddique , Finance, Management & Stocks , Amazon Foods Saudi Arabia

Although Physical Assets can be Current Assets but in general Current Assets are not further expensed upon so we can say that its

Capital Expense Option B

Muhammad Kamran Yousaf
by Muhammad Kamran Yousaf , Cost Controlling Officer , Saudi Binladin Group (PBAD)

Option B Capital Expense