Which one of the following should be considered a revenue expenditure?
ARepair to machinery purchased, second hand.
BDamage paid on account of breach of a contract to supply certain goods
C1000 paid for the execution of a new plant
DLoss of 10,000 incurred in increasing the sitting accommodation of a hotel
Correct answer
B. Damage paid on account of breach of a contract to supply certain goods
Explanation
Damage paid on account of breach of a contract to supply certain goods is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.