Expenditure incurred on consumables and goods for resale ...
Expenditure incurred on consumables and goods for resale is?
Revenue expenditure
Capital expenditure
Sunk cost
Miscellaneous expenses
Correct answer is A
Revenue expenses are incurred when a company purchases products or services necessary for generating revenue in the short term. They include overhead cost, maintenance cost of plants and equiptment.
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Goodwill can be introduced when ...
The ordinary shareholders enjoy the following right except the right to ...
The excess of income over expenditure is usually transferred to the ...
The cost price method is applicable when_____ ...
When a share is sold for less than its nominal value, the difference is debited to ...
The class of shares to which payment of dividend depends on profit is ...
The major point of agreement carried by the partnership deed is? ...