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Legal expenses incurred on a suit for breach of contract to...

This question belongs to Commerce Accounting
Accounting
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Legal expenses incurred on a suit for breach of contract to supply goods is a

Answer & Solution
Correct Answer: Option C
Legal expenses incurred on a suit for breach of contract to supply goods 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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