Which of the following is not true of revenue e... - WAEC Accounting 1990 Question
Which of the following is not true of revenue expenditure? i. It is incurred in one period of account. ii. its full benefits are consumed in the period incurred. iii. it includes items for replacement and repairs iv. it does not include depreciation
A
i
B
i and ii
C
ii
D
iii
correct option: e
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