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Question
Which of the following type of expenses are included in Revenue expenditure?
Options
Depreciation on fixed assets.
Expenses incurred for day to day running of business.
Loss from sale of fixed assets.
All of the above
Solution
All of the above
Explanation:
- All expenses incurred on day-to-day administration of a firm and the effect of which is completely exhausted within the current account are called revenue expenditure.
- The types of expenses include Expenses incurred for the day-to-day running of the business, Expenses incurred for the upkeep of fixed assets, and Depreciation on fixed assets.
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