Revenue expenditure of a local government includes purcha...
Revenue expenditure of a local government includes purchase of
X-ray machine
Incubators
Drugs
Theatre equipment
Correct answer is C
Revenue expenditure are expenses used for the day to day running of the activities of government. These expenses are charged to consolidated fund and they are not permanent in nature e.g salaries, repairs, purchases of drugs, maintenance of vehicles and stationery etc.
Company as a legal entity means that it ...
The accounting method that reports incomes when earned and expenses when incurred is called ...
Opening stock + Purchases + carriage inwards is equal to ...
Which of the following items is found on the debit side of the trial balance? ...