Teaching BPSC 4.0 बिहार उच्च माध्यमिक शिक्षक भर्ती (PGT) Mock Test Accountancy Capital & Revenue Account
Which of the following statements is true in the context of capital and revenue expenditure?
1
Legal fees to acquire property is capital expenditure.
2
Overhaul expenses of a second-hand machine purchased are revenue expenditure.
3
Expenses in connection with obtaining a license for running a cinema are revenue expenditure.
4
More than one of the above
5
None of the above