An expenses is said to be revenue in nature if it

Accounts - Principles of Accounts

JAMB 2015

A. adds or contributes to the operating income of the business
B. necessitates the introduction of additional capital
C. reduces the capital of the business
D. adds to or improves the value of fixed assets

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076

Correct Answer: Option A

Explanation

This is a very correct option to the question asked. Preliminary or preoperative expenses is a good example. They are expended and have a very great contribution to the income generated.

Go back to Acc classroom

Report an Error Ask A Question Download App

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

Does WAEC give Calculator to student for there exam? Answer this

2 Answers · Mathematics · 2 days ago
2(3)+2? Answer this

1 Answers · Mathematics · 2 days ago
what does productivity of grass means and what are they? Answer this

1 Answers · Agricultural Science · 16 hours ago

WAEC offline past questions - with all answers and explanations in one app - Download for free

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

An expenses is said to be revenue in nature if it

Correct Answer: Option A

Explanation

Contributions ({{ comment_count }})

Please wait...

Modal title

Report

Block User

{{ feedback_modal_data.title }}

Quick Questions

Post your Contribution

Sign In