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  5. An expense is said t...

An expense is said to be revenue in nature if it

Accounts - Principles of Accounts
WAEC 2004
An expense is said to be revenue in nature if it
  • A. adds or contributes to the operating income of the business
  • B. reduces the capital of the business
  • C. necessitates the introduction of additional capital
  • D. adds to or mproves the value of fixed assets
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Correct Answer: Option A
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