Which one of the following is a revenue expenditure?
Rs.1000 spent on painting the factory.
The correct answer is option 2. Revenue expenditures are those which are incurred for the day-to-day running of the business, and painting the factory is a regular expense that is necessary for maintaining the premises. The other options involve capital expenditures or one-time costs.
Similar Questions
A trade mark is an example of ______.
Wages paid for erection of a new plant or machinery are taken as _____.
Which of the following needs to be excluded from current assets apart from closing stock, to get the balance as liquid assets?
The freight and insurance paid for acquiring goods or for making them saleable is ________.
Which of the following is NOT regarded as a capital expenditure?
Which concept enables the accountant to carry forward the values of assets and liabilities from one accounting period to the other without asking the question about usefulness and worth of the assets and recoverability of the receivables?
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Important Questions from Assets & Liabilities
_______ is the most liquid of all assets.
A trade mark is an example of ______.
Wages paid for erection of a new plant or machinery are taken as _____.
Which of the following needs to be excluded from current assets apart from closing stock, to get the balance as liquid assets?
Which of the following needs to be excluded from current assets apart from closing stock, to get the balance as liquid assets?
