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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
Explain the rules for deciding whether an expenditure is of revenue nature.
State with reason whether the following is Capital or Revenue Expenditure:
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Commission paid to agents.
State, whether you would consider the following as Capital Expenditure or Revenue Expenditure.
Purchase of typewriter ribbons.
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Freight on goods purchased.
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Whitewashing of office building.
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Insurance premium.
