Vidyalelo
Commerce · Q108

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 108

Q108

In case of make or buy decision, the product is consumable one, raw material or required to replace a worn out part at the time of repair, its cost will be treated as . . . . . . . . expense and deductible in computing the income.

A.
capital
B.
revenue
Answer
C.
deferred revenue
D.
abnormal

Answer: Option B

Solution

Answer: Option B
No explanation is given for this question Let's Discuss on Board