Question 12 of 18
Q.Revenue expenditure is intended to benefit :
(a) Current period
(b) Past period
(c) Any period
(d) Future period
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2023MCQ· 1mImportance★★★★★
67% · 12/18 Questions
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Start your 14-day free trial to unlock the full solution →Revenue expenditure benefits the current period, so the answer is (a).
Revenue expenditure is spending on the routine conduct of a business — such as rent, salaries, repairs and purchase of goods for resale — whose benefit is exhausted within the same accounting year. It is therefore charged in full to the profit and loss account of the current period.
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