Advertisements
Advertisements
Question
What are Revenue Expenditures?
Solution
Expenditure that is incurred to earn or to generate revenue during an accounting year is known as revenue expenditure. It is incurred to facilitate the normal operating activities of a business and for its efficient and smooth working. The benefit from such expenses is availed for a period of one year in which they are incurred. Some of the expenses of revenue nature are rent, repairs, depreciation, etc.
shaalaa.com
Adjustments - Capital Expenditure Included in Revenue Expenses and Vice-versa
Is there an error in this question or solution?
