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Question
Classify the following into Capital, Revenue and Deferred Revenue Expenditures, reason for your answer.
₹ 10,000 paid as commission on the issue of debentures.
One Line Answer
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Solution
Deferred Revenue Expenditure
Reason:
That the profits for the current year are not entirely responsible for the load.
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Chapter 6: Capital and Revenue Expenditure/Income - PRACTICAL PROBLEMS [Page 84]
