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Examveda

The basic consideration(s) in distinction between capital and revenue expenditure is/are

A. Nature of business

B. Effect on revenue generating capacity of the business

C. Purpose of expenses

D. All of the above

Answer: Option D

Solution(By Examveda Team)

The basic considerations in distinction between capital and revenue expenditure are Nature of business, Effect on revenue generating capacity of the business and Purpose of expenses.

This Question Belongs to Commerce >> Accounting

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