Expenses incurred for obtaining a license for starting a factory are —

CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · December 2013
Expenses incurred for obtaining a license for starting a factory are —
(A) Capital Expenditure
(B) Revenue Expenditure
(C) Deferred Revenue Expenditure
(D) Prepaid Expenses.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Capital Expenditure.

Topics: Fundamentals of Accounting and Auditing

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