When the benefits of revenue expenditure is available for a period of two or three years, the expenditure is known as-

Related MCQs

• From the profits of previous three years, Rs 150000, Rs 300000, and Rs250000/- and the loss in a year ( Rs. 100000/-) the value of goodwill at three years of purchase is ---------
• Treatment of capital expenditure as revenue expenditure is
• Goodwill is to be calculated at one and half year’ purchase of average profit of last 5 years. The firm earned profits during 3 years as ₹ 20,000 ₹ 18,000 and ₹ 9,000 and suffered losses of ₹ 2,000 and ₹5,000 in last 2 years. The amount of goodwill will be
• From the profits of previous three years, Rs 150000, Rs 200000, and Rs250000/- the value of goodwill at five years of purchase is ----------- Sol:
• The profits of the last three years is 42000, 39000,45000. Value of goodwill of 2 years purchase of average profit is
• The profits of the last three years is55000,50000,45000. Value of goodwill of 2 years purchase of average profit is Sol:
• Which of the following is NOT a revenue expenditure?
• Which of the following should not be treated as revenue expenditure?
• Which of the following is not a deferred revenue expenditure?
• Which one of the following should be considered a revenue expenditure?