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State whether the following is Capital, Revenue or Deferred Revenue Expenditure. Damages paid by a transport company to its passengers injured in an accident. - Commercial Studies

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Question

State whether the following is Capital, Revenue or Deferred Revenue Expenditure. 

Damages paid by a transport company to its passengers injured in an accident.

One Line Answer

Solution

Revenue Expenditure

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Revenue Expenditure
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Chapter 6: Capital and Revenue Expenditure/Income - PRACTICAL PROBLEMS [Page 84]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 6 Capital and Revenue Expenditure/Income
PRACTICAL PROBLEMS | Q 2. (ix) | Page 84
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