Question

64. Cost of petrol and oil -5,250
(a) Revenue Expenditure
(c) Capital Receipts
(b) Capital Expenditure
(d) Revenue Receipts​

Answer 1

Answer:

I think Renu receipts............

Answer 2

The correct answer is option (a) Revenue Expenditure.

Explanation:

• Cost of petrol and oil -5,250 is a Revenue Expenditure.
• Revenue expenditure relates to the costs of running the business. Purchases of consumable items and services are revenue items, as well as items bought for manufacture or trading.
• It includes short-term expenses used in the current period or typically within one year.
• Examples of such expenditure includes: fuel for vehicles, insurance costs and payment of wages etc.