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प्रश्न
State whether the following expense is Capital or Revenue.
Interest paid on bank overdraft.
उत्तर
Revenue Expenditure
Reason:
A loan was secured for daily operational work.
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संबंधित प्रश्न
Explain the rules for deciding whether an expenditure is of revenue nature.
'Whether an expenditure is of revenue or capital nature, is a question of fact and must depend on the circumstances of each case." Comment, giving appropriate examples.
State with reason whether the following is Capital or Revenue Expenditure:
Cost of repairing machinery.
State whether the following is Capital, Revenue or Deferred Revenue Expenditure.
Purchase of raw materials.
Classify the following into Capital, Revenue and Deferred Revenue Expenditures, reason for your answer.
Legal expenses ₹ 5,000 on defending a suit for breach of contract to supply goods.
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.
Fire insurance premium on premises.
Classify the following into Capital and Revenue Expenditure.
Freight on goods purchased.
Classify the following into Capital and Revenue Expenditure.
Cost of uniform distributed among workers.
Classify the following:
Insurance premium.
