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प्रश्न
An expenditure is Revenue expenditure if ______.
विकल्प
It neither affects liabilities nor assets.
It either affects liabilities or assets.
Either It neither affects liabilities nor assets or It either affects liabilities or assets.
None of these.
उत्तर
An expenditure is Revenue expenditure if it neither affects liabilities nor assets.
Explanation:
An expenditure that neither creates assets nor reduces liability is called Revenue Expenditure, such as employee salaries, interest payments on past debt, subsidies, pensions, etc.
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संबंधित प्रश्न
This expenditure relates to normal functioning of the government departments and provision of various government services. The main examples of such expenditures are salaries, pensions, interest, subsidies, grants to the state governments, etc.
______ expenditure is incurred for meeting day to day expenses of business and its benefit is exhausted within the current accounting year.
Classify the following:
Cost of goods purchased for resale.
Any expenditure incurred to reduce the operating expenses is revenue expenditure.
State whether the following expense is Capital or Revenue.
Purchase of postage and stationery.
State whether the following expense is Capital or Revenue.
Purchase of typewriters for resale.
State whether the following expense is Capital or Revenue.
Fire insurance premium on premises.
Classify the following into Capital and Revenue Expenditure.
Cost of uniform distributed among workers.
Classify the following:
Interest paid on a loan.
Classify the following into capital expenditure and revenue expenditure.
Repairs of office furniture.
