Q
Which one of the following should be considered a revenue expenditure?
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A
A. 1000 paid for the execution of a new plant
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B
B. Loss of 10,000 incurred in increasing the sitting accommodation of a hotel
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C
C. Damage paid on account of breach of a contract to supply certain goods
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D
D. Repair to machinery purchased, second hand.
Correct Answer:
C. C. Damage paid on account of breach of a contract to supply certain goods
