Examveda
Examveda

Expenditure incurred annually on renewal of patent is a

A. Revenue expenditure

B. Capital expenditure

C. Financial expenditure

D. Operating expenditure

Answer: Option A

Solution(By Examveda Team)

Expenditure incurred annually on renewal of patent is a Revenue expenditure. A revenue expenditure is a cost that will be an expense in the accounting period when the expenditure takes place.

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