Final Accounts of Sole ProprietorFinal Accounts with Adjustments 5 11th accountancy, 11th accounting, 11th commerce, Capital Expenditure and Revenue Expenditure, Distinction between Capital and Revenue ITEMS, Distinction between Capital Expenditure and Revenue Expenditure:, Final Accounts adjustments, Final Accounts with Adjustments 5, Financial Statements Adjustments Part-5, GOODS PURCHASED BUT IN TRANSIT Sometimes the goods are purchased but in transit, such goods should be considered as …