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प्रश्न
State with reason whether the following is Capital or Revenue Expenditure:
Freight on goods sold.
उत्तर
Revenue Expenditure
Reason:
It is paid for by the selling of the items.
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संबंधित प्रश्न
Which of the following type of expenses are included in Revenue expenditure?
______ expenditure is incurred for meeting day to day expenses of business and its benefit is exhausted within the current accounting year.
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 whether the following is Capital, Revenue or Deferred Revenue Expenditure.
Cost of removing the stock to a better located site.
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.
₹ 20,000 spent on dismantling, removing and reinstalling plant and machinery.
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.
Fire insurance premium on premises.
Classify the following:
Cost of shifting the stock to the new site.
