Which of the following expenditures/receipts are treated as revenue?
1
Earned from trade receivables during the year Rs. 15,000
2
Rs. 15,000 spent on demolishing a building for the construction of a bigger building at the same site
3
Rs. 15,000 spent as travel expenses of directors on foreign trip for purchase of capital asset
4
Rs. 15,000 received as insurance claim on account of damage to machinery caused by fire