a real estate developer purchase land for 20 crore .the expenditure is a revenue expenditure ,b capital expenditure ,c.not all expenses
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Explanation:
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Answer:
a. Revenue Expenditure
Explanation:
The real estate developer is purchasing the land for it's further sale to someone else (let's assume MR. A) .This land for real estate developer is REVENUE EXPENDITURE whereas the same land will be Capital Expenditure for MR. A.
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