Question

From the following identify revenues, expenses and expenditure.
i. Rent Received
Accounting Terms
INTEXT QUESTIONS 3.2
MODULE - I
Introduction and
Basic Concepts
ACCOUNTANCY
Notes
33
ii. Salaries Paid
iii. Cost of Raw Material
iv. Furniture Purchased
v. Commission Received
vi. Insurance Premium Paid
vii. Machines Purchased
viii. Advertising

Answer 1

Answer:

1. revenue
2. expense
3. expenditures
4. expense
5. revenue
6. expense
7. expenditure
8. expenditures