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Question
Classify the following:
Cost of goods purchased for resale.
Options
Capital Expenditure
Revenue Expenditure
Deferred Revenue Expenditure
Solution
Revenue Expenditure
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RELATED QUESTIONS
Revenue expenditure is incurred ______.
This expenditure relates to normal functioning of the government departments and provision of various government services. The main examples of such expenditures are salaries, pensions, interest, subsidies, grants to the state governments, etc.
What is meant by Revenue Expenditure?
Give six examples of revenue expenditure becoming capital expenditure.
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.
Classify the following into Capital and Revenue Expenditure.
Freight on goods purchased.
Classify the following:
Insurance premium.
Classify the following:
Cost of shifting the stock to the new site.
Which of the following are Capital Expenditure, Revenue Expenditure and Deferred Revenue Expenditure?
Depreciation on fixed assets.
