Question

Amount paid or payable against purchase of goods is 1 point revenue expenditure Capital expenditure Both revenue expenditure and Capital expenditure None of these

Answer 1

Answer:

revanue expenditure is your answer mark me brainlist and follow

Answer 2

The correct question is:

Amount paid or payable against purchase of goods is

1) Revenue expenditure

2) Capital expenditure

3) Both revenue expenditure and Capital expenditure

4) None of these

Answer:

Amount paid or payable against purchase of goods is Revenue expenditure    

 Expenditure is receiving some benefit, service, or property by Spending money or incurring liability. Examples of expenditures are Payment of Rent, Salary, Purchase of goods, Purchase of machinery, Purchase of furniture. An item of revenue expenditure is an expense in the accounting year in which it is incurred.

                     Otherwise, we can say, The cost will be matched with the revenues of the accounting year in which the expenditure took place. Revenue expenditure is the cost spent on fixed assets after they have been placed in service. Depreciation charges, factory insurance premium, production royalty paid are also examples of revenue expenditure.