State whether each of the following represents capital expenditure, revenue expenditure, a
capital receipt or a revenue receipt.
The first one has been completed as an example.
Payment of annual insurance premium revenue expenditure
Purchases of goods for resale .
Proceeds of sale of old shop fittings at book value
Cost of new shop fittings
Delivery charge on new shop fittings
Cash sales
Loan from bank
Payment of annual insurance premium revenue expenditure
Purchases of goods for re-sale revenue expenditure
Proceeds of sale of old shop fittings at book value capital receipt
Cost of new shop fittings capital expenditure
Delivery charge on new shop fittings capital expenditure
Cash sales revenue receipt
Loan from bank capital receipt