WAEC - Accounts Principles Of Accounts (2018 - No. 4)
Which of the following transactions is a revenue expenditure?
purchase of plant
purchase of a new engine
construction of office wall
purchase of fuel for vehicle
Explanation
Revenue expenditures are short-term expenses used in the current period or typically within one year. It includes the expenses required to meet the ongoing operational costs of running a business. Option D is correct.
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