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Which of the following should not be treated as revenue expenditure?
Accountingmedium
AInterest on loans and debentures
BAnnual fire insurance premiums on Plant and Equipment
Sales tax paid in connection with the purchase of office equipment is a non-recurring expenditure whose benefit is going to last for more than one accounting period and hence not a revenue expenditure
DSmall expenditures on long- lived assets, such as ` 20 for a paper weight.
Correct Answer: C. Sales tax paid in connection with the purchase of office equipment is a non-recurring expenditure whose benefit is going to last for more than one accounting period and hence not a revenue expenditure
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