Question

The accounting treatment for revenue expenditure like rent paid insurance etc. is ______.

विकल्प

• Income in Trading and Profit and Loss account.

• Expense in Trading and Profit and Loss account.

• Asset in the Balance Sheet.

• Liability in the Balance Sheet.

Answer 1

The accounting treatment for revenue expenditure like rent paid insurance etc. is Expense in Trading and Profit and Loss account.

Explanation:

Revenue expenditure is shown as an expense in the Trading Account or Profit and Loss Account.