Accounting for IGCSE & O level - Accounting Procedures (Section 12 - No. 42)
Which of the following best describes revenue expenditure?
Costs that increase the useful life of an asset.
Costs that benefit the business for more than one year.
Costs related to the day-to-day running of the business.
Costs to acquire new non-current assets.
Explanation
Revenue expenditures are for normal operating costs.
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