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CAPITAL AND REVENUE EXPENDITURE/INCOME — Commercial Studies STD 10 — Question

ICSE BoardEnglish MediumSTD 10Commercial StudiesCAPITAL AND REVENUE EXPENDITURE/INCOME1 Mark
MCQ
An expenditure is Revenue expenditure if
  • ✓
    it neither affects liabilities nor assets
  • B
    it neither affects liabilities nor assets
  • C
    Either (A) or (B)
  • D
    None of these
✓

Answer

Correct option: A.
it neither affects liabilities nor assets
A

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