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Financial Statements of Sole Proprietorship — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountFinancial Statements of Sole Proprietorship1 Mark
Question
What is meant by Revenue Expenditure?
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Answer

Revenue Expenditure is that expenditure benefit of which is exhausted within the accounting year in which it is incurred. Example is expense on salaries.

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