MCQOPTIONS
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| 1. |
Which one of the following should be considered a revenue expenditure? |
| A. | 1000 paid for the execution of a new plant |
| B. | Loss of `10,000 incurred in increasing the sitting accommodation of a hotel |
| C. | Damage paid on account of breach of a contract to supply certain goods |
| D. | Repair to machinery purchased, second hand. |
| Answer» D. Repair to machinery purchased, second hand. | |