Question

Which of the following expenses incurred by ABC Ltd is NOT a capital expenditure?

A Legal expenses incurred in connection with verification of title deeds before purchase of land in a village.
B Interest paid on a loan taken for purchase of machinery for the period before the machinery becomes operational.
C Legal expenses incurred to fight a suit filed by villagers against ABC Ltd after the purchase of village land by ABC Ltd.
D Freight paid for importing new machinery.
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)