2) M/s. XYZ & Co. runs a cafe. They renovated. some of the old cabins....
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Accounting
2) M/s. XYZ & Co. runs a cafe. They renovated. some of the old cabins. Because of this renovation some space was made free and number of cabins was increased from 15 to 18. The total expenditure incurred was $ 30,000 and was treated as a revenue expenditure.
True'are false . give explanation also
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