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Commerce Short Question | Gkseries

Q.

Which one of the following statements is not true ?

[A] An expenditure intended to benefit current year is revenue expenditure.
[B] Amount paid for acquiring goodwill is capital expenditure
[C] Wages paid for installation of a new machine is usually debited to wages account
[D] Revenue expenditure is not intended to benefit future period
Answer & Explanation

Answer: Wages paid for installation of a new machine is usually debited to wages account

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