Question

4.Payment of Honorarium is a revenue expense.(True/False) *

Answer 1

Answer:

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Here is your answer mate _________☺️

Explanation:

True.

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Answer 2

Answer:

Honorarium payments are revenue expenditures. True.

Explanation:

• The payment of an honorarium is an example of an outside expense for the organisation, while expenses paid to outsiders are an example of a Revenue Expense.
• As a result, honorarium expenses are revenue-generating.

Honorarium

• An honorarium is a small payment given to a person in recognition of services they have provided but for which payment is not needed.
• When a price cannot be fixed due to custom or propriety, an honorarium is usually given.
• As a result, payment to the receiver is at the

Hence, the honorarium is revenue generating.

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