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प्रश्न
The accounting treatment for revenue expenditure like rent paid insurance etc. is ______.
विकल्प
Income in Trading and Profit and Loss account.
Expense in Trading and Profit and Loss account.
Asset in the Balance Sheet.
Liability in the Balance Sheet.
MCQ
रिक्त स्थान भरें
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उत्तर
The accounting treatment for revenue expenditure like rent paid insurance etc. is Expense in Trading and Profit and Loss account.
Explanation:
Revenue expenditure is shown as an expense in the Trading Account or Profit and Loss Account.
shaalaa.com
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