Q257
Cost incurred for the maintenance of shop is considered as
A.
Deffered expense
B.
Capital expenditure
C.
Revenue expenditure
AnswerD.
Preliminary expense
Answer: Option C
Solution
Answer: Option C
Solution:
Cost incurred for the maintenance of shop is considered as Revenue expenditure. A revenue expenditure is a cost that will be an expense in the accounting period when the expenditure takes place.