Which of the following is not true of revenue expenditure...
Which of the following is not true of revenue expenditure?
i. It is incurred in one period of account.
ii. its full benefits are consumed in the period incurred.
iii. it includes items for replacement and repairs
iv. it does not include depreciation
i
i and ii
ii
iii
iv
Correct answer is E
No explanation has been provided for this answer.
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