An expense is said to be revenue in nature if it
...An expense is said to be revenue in nature if it
adds or contributes to the operating income of the business
reduces the capital of the business
necessitates the introduction of additional capital
adds to or mproves the value of fixed assets
Correct answer is A
No explanation has been provided for this answer.
The factor that determine the periodic depreciation charge are? ...
A proprietor withdraws cash from the business for private use, he ...
When expenses are paid on behalf of the venture, the accounting entries is to debit ...
Which of the following is accounted for in receipts and payments account? ...