Expenditure incurred on consumables and goods for resale is?
FINANCIAL
JAMB 2009
Expenditure incurred on consumables and goods for resale is?
- A. revenue expenditure
- B. capital expenditure
- C. sunk cost
- D. miscellanous expenses
Correct Answer: A. revenue expenditure
Explanation
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
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