An example of revenue expenditure is ........

Accountancy (Phase -I & II) Accounting standards

482 views

Add to Study Deck Download Solution PDF

An example of revenue expenditure is:

Purchase of land..

Salaries.

Lease.

Purchase of buildings

छोटे Courses बड़े Results

Master Accounting standards

Prepare through Micro-courses

Try Now

Explanation:

A revenue expenditure is a cost that is charged to expense as soon as the cost is incurred. By doing so, a business is using the matching principle to link the expense incurred to revenues generated in the same reporting period. This yields the most accurate income statement results

Report error

Submit Error