Question

What is revenue expenditure

Answer 1

A revenue expenditure is an amount that is expensed immediately—thereby being matched with revenues of the current accounting period. Routine repairs are revenue expenditures because they are charged directly to an account such as Repairs and Maintenance Expense.

Answer 2

Answer:

REVENUE EXPENDITURE:

what it is: The expenditure incurred during the day to day running of the business or for maintaining the earning capacity of the business is called revenue expenditure

nature: It is recurring in nature

why it is incurred: It is incurred to generate revenue for a particular accounting period

Revenue expenditure maybe incurred in relation with revenue or in relation with a particular accounting period

this answer will give you 2 marks