________ is an expenditure which does not bring any benefit to the concern

Related MCQs

• Which of these types of expenditure would not be treated as a Capital Expenditure
• Income and expenditure account is the ______ account of a non trading concern
• Excess of income over expenditure of non trading concern is called _______
• Capital expenditure is an expenditure which
• Treatment of capital expenditure as revenue expenditure is
• When the benefits of revenue expenditure is available for a period of two or three years, the expenditure is known as-
• What type of expenditure is shown as asset in balance sheet? Capital expenditure
• These are the reserves created only to strengthen the financial position or the business and to keep the funds available for any future contingency or expenditure that may be required:
• What does the balance of income and expenditure account shows
• The accounting measurement that is not consistent with the Going Concern concept is