Accounting · Capital and Revenue Expenditure
Which of the following is NOT regarded as a revenue expenditure?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Expenses incurred as a lawyer's fee to defend a suit claiming that the firm's factory site belonged to the Plaintiff, where the suit was unsuccessful.
- 2Expenses incurred in connection with obtaining a license for starting a factory.✓
- 3Expenses incurred for the temporary removal of stock to a new site.
- 4Expenses incurred to change rings and pistons of an engine to restore it to full original efficiency.
Correct answer
Expenses incurred in connection with obtaining a license for starting a factory.
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