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प्रश्न
Classify the following into Capital, Revenue and Deferred Revenue Expenditures, reason for your answer.
Legal expenses ₹ 5,000 on defending a suit for breach of contract to supply goods.
उत्तर
Revenue Expenditure
Reason:
It is incurred during regular business operations.
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संबंधित प्रश्न
Revenue expenditure is incurred ______.
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.
What is meant by Revenue Expenditure?
Any expenditure intended to benefit the current period is revenue expenditure.
Any expenditure incurred to reduce the operating expenses is revenue expenditure.
State whether the following is Capital, Revenue or Deferred Revenue Expenditure.
Legal expenses for defending the ownership of a trade mark.
State whether the following expense is Capital or Revenue.
Purchase of typewriters for resale.
Classify the following into Capital and Revenue Expenditure.
Freight on goods purchased.
Classify the following:
Insurance premium.
