Question

Which of the following type of expenses are included in Revenue expenditure?

Options

• Depreciation on fixed assets.

• Expenses incurred for day to day running of business.

• Loss from sale of fixed assets.

• All of the above

Answer 1

All of the above

Explanation:

1. All expenses incurred on day-to-day administration of a firm and the effect of which is completely exhausted within the current account are called revenue expenditure.
2. The types of expenses include Expenses incurred for the day-to-day running of the business, Expenses incurred for the upkeep of fixed assets, and Depreciation on fixed assets.