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Commerce · Q2323

Accounting

Graduate and Post Graduate · Commerce · question 2323

Q2323

Which of the following is a revenue expenditure?

A.
Repairs on second hand asset purchased to put it into working condition
B.
Preliminary expenses
C.
Cost of Issuing shares and debentures
D.
Legal expenses to defend a suit filed by the competitor
Answer

Answer: Option D

Solution

Answer: Option D
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