Which of the following should not be treated as revenue expenditure?

A. Interest on loans and debentures
B. Annual fire insurance premiums on Plant and Equipment
C. Sales tax paid in connection with the purchase of office equipment
D. Small expenditures on long- lived assets, such as ` 20 for a paper weight.

Right Answer: Sales tax paid in connection with the purchase of office equipment

February 22, 2018   Asghar Khan    Accounting  
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