Cost incurred for the maintenance of shop is considered as
A. Deffered expense
B. Capital expenditure
C. Revenue expenditure
D. Preliminary expense
Answer: Option C
Solution (By Examveda Team)
Cost incurred for the maintenance of shop is considered as Revenue expenditure. A revenue expenditure is a cost that will be an expense in the accounting period when the expenditure takes place.This Question Belongs to Commerce >> Accounting
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