Which one of the following should be considered a revenue expenditure?

A. 1000 paid for the execution of a new plant
B. Loss of 10,000 incurred in increasing the sitting accommodation of a hotel
C. Damage paid on account of breach of a contract to supply certain goods
D. Repair to machinery purchased, second hand.

Right Answer: Damage paid on account of breach of a contract to supply certain goods

February 22, 2018   Asghar Khan    Accounting  
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