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.
The Advertisement of a Prospectus of a company shall specify therein the _____________
“A legal mechanism used to resolve disputes through the aid of a neutral third party given the authority of making a legally binding decision.” Is: ...
In Islamic divorce law, what is the process of khula?
In which of the following cases can courts intervene in an arbitral proceeding?
Which section of the Companies Act lays down provisions relating to document containing offer of securities for sale to be deemed prospectus?
OASIS with reference to PFRDA Act stands for_____________
An act done by a person bound by law or by mistake of fact believing himself bound by law is:
In the absence of any provision by contract between the partners for the duration or determination of their partnership, what type of partnership is it?
A relevant confession becomes irrelevant when
As laid down under the Insurance Act the duration of the Executive Committee of the Life Insurance Council or the General Insurance Council is _________...
