Question
Which of the following transactions is revenue
expenditure?Solution
The revenue expenditure is the expenditure incurred in the day-to-day operations of a business that is expensed immediately and is not related to acquiring capital assets or investments. Among the options provided, the transaction that represents revenue expenditure is ‘Annual repair charge on a machine ₹10,000’. The annual repair charge is a regular expense incurred to maintain and repair a machine. It is a revenue expenditure because it is necessary to keep the machine in working condition and does not result in the acquisition of a new asset or an improvement to an existing asset. The other options represent capital expenditures.
A cost incurred in the past and that cannot be recovered in the future is called ________.
Which of the following statements about Article 19 of the Constitution is correct?
Ratle power project, recently seen in news, is situated on which river of Jammu and Kashmir?
Kannadippaya has received the Geographical Indication (GI) tag, ensuring market protection and global recognition, it isÂ
Which one of the following chemical is used as food preservative?
Which regions in India did not witness accompanying rebellions during the Revolt of 1857?
Two vehicles which are 100 km apart are running towards each other in a straight line. In how much time will they meet each other provided they follow ...
Which article of the Indian Constitution relates to "Right to Education"?
When a number is increased by 20% then the number obtained is 54 less than thrice the original number. Find the original number.
How does the National Rural Livelihood Mission seek to improve the livelihood options of the rural poor?
1.   By setting up a large number...
