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Question
Revenue expenditure is incurred ______.
Options
To improve the efficiency of an asset.
To maintain the efficiency of an asset.
To buy a fixed asset.
It involves withdrawal of capital.
MCQ
Fill in the Blanks
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Solution
Revenue expenditure is incurred to improve the efficiency of an asset.
Explanation:
Revenue expenditure is incurred for the upkeep of fixed assets such as repairs and maintenance.
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