Question : Fill in the blanks- Salaries paid to staff is a ________ expenditure.
Option 1: Revenue
Option 2: Capital
Option 3: Both A and B
Option 4: Neither A nor B.
Correct Answer: Revenue
Solution : Salaries paid to staff is a revenue expenditure as it neither creates any assets nor reduces any liabilities. Hence Option A is correct.
Question : Fill in the blanks- Interest paid on national debt is a ________ expenditure.
Question : Fill in the blanks- Expenditure on collection of tax is a ________ expenditure.
Question : Fill in the blanks- Construction of government hotel is a ________ expenditure.
Question : Fill in the blanks- Interest payment is a ________ expenditure.
Question : Fill in the blanks- Construction of school is a ________ expenditure.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile