passwella.
Menu

JAMB Principles of Accounts 2009 Question 47

Question 47

Capital and Revenue Expenditure

Expenditure incurred on consumables and goods for resale is

  1. A.revenue expenditure
  2. B.capital expenditure
  3. C.sunk cost
  4. D.miscellaneous expenses
Show the answer and explanation

Answer: A (revenue expenditure)

Explanation

Goods for resale and consumables are used up in the year, so they are revenue expenditure.