GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2

Discussion Forum: GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2 - Q.No: 3

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3. Revenue Expenditure means []

  1. (a) The amount which is incurred in acquiring or improving the value of fixed assets
  2. (b) None of these
  3. (c) The expenditure which is incurred for the day to day running of the business
  4. (d) Both

Correct Answer: (c) The expenditure which is incurred for the day to day running of the business

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