what is revenue expenditure
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Revenue Expenditure is that part of government expenditure that does not result in the creation of assets. Revenue Expenditure meaning: The Union government's revenue expenditure comprises money spent on revenue account — the amount spent on running its elaborate machinery.
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Revenue Expenditure is an expenditure incurred for the basis other than the creation of physical or financial assets of the central government. ...
EXAMPLES-
- Routine repair/update costs on equipment
- Smaller-scale software initiative or subscription
- Cost of goods sold.
- Cost of goods sold.Rent on a property.
- Cost of goods sold.Rent on a property.Salaries and wages
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