Accounting for IGCSE & O level - Accounting Procedures (Section 22 - No. 22)
Which of the following best describes a revenue expenditure?
Costs that benefit the business for more than one accounting period.
Costs that increase the value of an existing asset.
Costs related to the day-to-day operations of the business.
Costs to acquire new equipment.
Explanation
Revenue expenditure relates to operational expenses.
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