Expenditure incurred on consumables and goods for resale ...
Expenditure incurred on consumables and goods for resale is?
Revenue expenditure
Capital expenditure
Sunk cost
Miscellaneous expenses
Correct answer is A
Revenue expenses are incurred when a company purchases products or services necessary for generating revenue in the short term. They include overhead cost, maintenance cost of plants and equiptment.
Lima paid off debt of D2,500 owed to Dongo by cash. The entries in lima's book are: debit ...
The main objective of bookkeeping is to record economic? ...
Purchase invoice is first entered in the ...
$ Trade creditors (31/12/2020) 4,...
The health department of Banjul Local Government incurred the following expenditure in 2020: ...
Which of the following condition would attract credit and debit notes to be used? ...
The purchases ledger control account is also known as ...
Given: Fixed assets Liabilities Current assets ₦ 55,000 20...