Q2896
Which one of the following should be considered as a revenue expenditure?
A.
Rs. 1,000 paid for the erection of a new plant
B.
Cost of Rs. 10,000 incurred in increasing the sitting accommodation of a hotel
C.
Damages paid on account of breach of a contract to supply certain goods
AnswerD.
Repairs to machinery purchased second hand
Answer: Option C
Solution
Answer: Option C
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