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Commerce · Q2856

Accounting

Graduate and Post Graduate · Commerce · question 2856

Q2856

Which one of the following is treated as revenue expenditure?

A.
Cost incurred for a new exit as required under the local bodies by laws
Answer
B.
Interest paid on loan during the construction of works
C.
Cost of pulling down an old building
D.
A dealer in purchasing sewing machines and spent some money on the repairs

Answer: Option A

Solution

Answer: Option A
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