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Examveda

Money spent to acquire or upgrade physical assets is known as

A. Revenue expense

B. Capital expense

C. Administrative expense

D. Operating expense

Answer: Option B

Solution(By Examveda Team)

Money spent to acquire or upgrade physical assets is known as Capital expense, as the asset is expected to be utilised in a long run.

This Question Belongs to Commerce >> Accounting

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Comments ( 1 )

  1. Shashank Tripathi
    Shashank Tripathi :
    2 years ago

    How?

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