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प्रश्न
State whether the following expense is Capital or Revenue.
Fire insurance premium on premises.
उत्तर
Revenue Expenditure
Reason:
Regular premium payments are made on an already-existing asset.
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संबंधित प्रश्न
______ expenditure is incurred for meeting day to day expenses of business and its benefit is exhausted within the current accounting year.
Give six examples of revenue expenditure becoming capital expenditure.
'Whether an expenditure is of revenue or capital nature, is a question of fact and must depend on the circumstances of each case." Comment, giving appropriate examples.
State with reason whether the following is Capital or Revenue Expenditure:
Freight on goods sold.
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.
State whether the following expense is Capital or Revenue.
Excise duty paid to the Government.
State whether the following expense is Capital or Revenue.
Legal expenses incurred for defending a suit of income tax.
State whether the following expense is Capital or Revenue.
Interest paid on bank overdraft.
Classify the following into Capital and Revenue Expenditure.
Import duty on raw materials purchased.
Which of the following are Capital Expenditure, Revenue Expenditure and Deferred Revenue Expenditure?
Depreciation on fixed assets.
