Question 38

An expense is said to be revenue in nature if it

A.adds or contributes to the operating income of the business
B.reduces the capital of the business
C.necessitates the introduction of additional capital
D.adds to or mproves the value of fixed assets

Objective

Question details

Exam body: WAEC
Subject: Accounts - principles of accounts
Year: 2004
Question no.: #38
Type: Objective

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