Where is revenue expenditure recorded?

As an expense in the income statement

How is cost of sales calculated?

Opening inventory plus purchases minus closing inventory

Other income such as rent received

Deducted from capital in the statement of financial position

Opening capital plus profit minus drawings

Non-current assets then current assets

Because assets equal capital plus liabilities

It is added to the expense and shown as a current liability

12questions. Pick an answer and you'll see why right away.

Which of these is capital expenditure?
Where is revenue expenditure recorded?
How is cost of sales calculated?
Sales are $40{,}000$ , opening inventory $3{,}000$ , purchases $25{,}000$ and closing inventory $5{,}000$ . What is the gross profit?
Which figure is added to gross profit to help find profit for the year?
Gross profit is $20{,}000$ and running expenses total $13{,}000$ . What is the profit for the year?
Where do drawings appear?
How is closing capital calculated?
In what order are assets listed in the statement of financial position?
Why does the statement of financial position balance?
An accrued expense at the year end affects the financial statements how?
Treating the purchase of a machine as repairs (an expense) is what kind of error?