When benefit of an expenses (which is generally of revenue nature) ext
Right Answer is: C
• Revenue expenditure- these expenditures are typically referred to as
ongoing operating expenses, which occurs frequently.
• Capital Expenditure- these expenditures are one-time expenditure for purchase of fixed assets that will be used for revenue generation over a period of time.
• Deferred Revenue Expenditure- when benefit of expenses (which is generally of revenue nature) extends beyond an accounting year.
• Recurring Profit- a company has reasonable assurance that
this revenue will occur at regular intervals in future.