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प्रश्न
An expenditure is Revenue expenditure if ______.
पर्याय
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.
Which of the following type of expenses are included in Revenue expenditure?
What is meant by 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 is Capital, Revenue or Deferred Revenue Expenditure.
Cost of removing the stock to a better located site.
State whether the following expense is Capital or Revenue.
Excise duty paid to the Government.
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 you would consider the following as Capital Expenditure or Revenue Expenditure.
Repairs of typewriters.
Classify the following into Capital and Revenue Expenditure.
Import duty on raw materials purchased.
