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प्रश्न
Select the most appropriate answer from the alternatives given below and rewrite the sentence.
Purchase of stationery is an _______________ expenditure.
पर्याय
capital
revenue
long-term
deferred revenue
MCQ
उत्तर
Purchase of stationery is a revenue expenditure.
Explanation: Stationery is treated as consumable good, as it is used up during the year. The amount of stationery consumed during the year should be debited to Income and Expenditure Account. It is a type of revenue expenditure.
The amount consumed is calculated as,
Opening stock
Add: Purchases made during the year
Less: Closing stock
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Additional Information - Stock of Stationery
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