Question

Que. No. 9
Legal expenses in connection with purchase of land 50,000
5
0
A) Deferred revenue expenditure
5
B) Capital receipt
c) Capital expenditure
D) Revenue expenditure​

Answer 1

Explanation:

yeitsitstistieo6eite5e5etiedumuemtmyrmurutditmujtmutrmutdmuryemyrakluralutwputalutwlu4qpi5wou5qp4uqp74qp74qu5op8528528528292852851852i5we9696eeo6o5a6epoq57euepe6urap7eueuepitar8otwe7yeaotirpo6wp7rotwpiraitititwp7equtouritqp7rurqp74i5wp7ru4qo6eo6eitwtwkowtwiw4oyrwy4lalu4ql85wojeifei2g2roh3iryf3ih3yeiy3osy2osy2oydy3ody3ody2id3idy2ody2oey37eueuepitar8otwe7yeaotirpo6wp7rotwpiraitititwp7equtouritqp7rurqp74i5wp7ru4qo6eo6eitwtwkowtwiw4oyrwy4lalu4ql85wojeifei2g2roh3iry is my favourite and ietieti2ti2t8wtiwt2ie

hig

Answer 2

They are categorised as deferred revenue expenditure.

• It is a revenue generating amount sustained during a specific accounting phases, yet the gains are expected to be realized in subsequent years.
• As a result, high legal expenses in connection with land purchase to defend any legal action are income expenses,
• However, the gains will be accrued in the future, so this must be considered as deferred revenue expenditure.