Expenses of the following nature are treated as a Revenue expenses except__________?
AExpenses for day to day running of the business
BPurchase of raw material
CDepreciation
DPutting the new asset in working condition
Correct answer
D. Putting the new asset in working condition
Explanation
Putting the new asset in working condition is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.