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प्रश्न
State whether the following expense is Capital or Revenue.
Legal expenses incurred for defending a suit of income tax.
उत्तर
Revenue Expenditure
Reason:
It is spent on defending against an income tax lawsuit.
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संबंधित प्रश्न
______ expenditure is incurred for meeting day to day expenses of business and its benefit is exhausted within the current accounting year.
An expenditure benefiting the current year is ______ expenditure.
Any expenditure incurred to reduce the operating expenses is revenue expenditure.
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Cost of repairing machinery.
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Cost of replacing the worn-out parts of a machinery.
State whether the following expense is Capital or Revenue.
Excise duty paid to the Government.
State whether the following expense is Capital or Revenue.
Interest paid on bank overdraft.
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Import duty on raw materials purchased.
Classify the following:
Interest paid on a loan.
Classify the following into capital expenditure and revenue expenditure.
Insurance premium of office building.
