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

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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.

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An expenses is said to be revenue in nature if it

Correct Answer: Option A

Explanation

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