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प्रश्न
An expenditure benefiting the current year is ______ expenditure.
उत्तर
An expenditure benefiting the current year is revenue expenditure.
APPEARS IN
संबंधित प्रश्न
______ expenditure is incurred for meeting day to day expenses of business and its benefit is exhausted within the current accounting year.
Explain the rules for deciding whether an expenditure is of revenue nature.
State with reason whether the following is Capital or Revenue Expenditure:
Compensation paid to retrenched workers.
State whether the following expense is Capital or Revenue.
Commission paid to agents.
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.
Freight on goods purchased.
Classify the following into Capital and Revenue Expenditure.
Import duty on raw materials purchased.
Classify the following:
Purchase of stationery.
Which of the following are Capital Expenditure, Revenue Expenditure and Deferred Revenue Expenditure?
Wages, salaries and rent outstanding.
