Which of the following is not true of revenue expenditure...
Which of the following is not true of revenue expenditure?
i. It is incurred in one period of account.
ii. its full benefits are consumed in the period incurred.
iii. it includes items for replacement and repairs
iv. it does not include depreciation
i
i and ii
ii
iii
iv
Correct answer is E
No explanation has been provided for this answer.
Cost classification in relation to charges is determined by the level of? ...
The total of the discounts received column in the three column cash book is? ...
In a period of inflation, which of the following method normally gives a closing closing stock? ...
Goods purchased for N92 was entered in the books as N29. This is an error of ...
Which of the following is true of trade discounts? ...
Which of the following is a limitation of the money measurement concept? ...