Question

purchase of tools for servicing of machinery is ----------- expense

Answer 1

Answer:

Revenue expense

Explanation: I think it helps you!!!

Answer 2

Purchase of tools for servicing of machinery is Revenue expense.

A revenue expenditure is an expense that will be a cost in the bookkeeping time frame when the expenses happen. The income consumptions happen after a proper resource had been placed into administration and essentially keeps the resource good to go. (The sum spent to gain a fixed asset is alluded to as a capital use. The total capital consumption will be recorded as a resource and will then, at that point, be moved to the statement of income as devaluation cost throughout the years of the asset's valuable life.)