Q2441
Which one of the following will be treated as revenue expenditure?
A.
Cost incurred for a new exit as required under the local bodies, by laws
AnswerB.
Interest paid on loan during the construction of works
C.
Cost of pulling down on old building as also the payment made to the architect for the plan of a new building
D.
A dealer in purchases sewing machines and spends some money on the repair of the machines damaged while goods in transit
Answer: Option A
Solution
Answer: Option A
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