Which of the following is Revenue Expenditure?
(a) Repair Expenses
(b) Building Construction Expenses
(c) Expenses on Purchase of Machinery
(d) Purchase of Investment
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Answer:
Repair expenses.... .
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Option “B” is correct i.e. building constructional expenses.
• Building constructional expense is a type of revenue expenditure.
• Revenue expenditure are those expenditures which are experienced during the standard course of business. Revenue expenditure is deducted to profit & loss account.
• Some of the examples of revenue expenditure are Management expenses of the business, expenses incurred in manufacturing, and marketing products.
Hope it helped...
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