Question 1:
Cost of hiring a refrigerator in a fish shop.
o Revenue Expenditure
o Capital expenditure
o deferred Revenue expenditure
o Capital receipt
Answers
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Answer:
capital expenditure
Explanation:
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The cost of hiring a refrigerator in a fish shop is Revenue Expenditure.
Revenue expenditure is an expense that will be a cost in the bookkeeping time frame when the expenses happen. The income consumption happens 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 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.)
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