Revenue Expenditure influence the profitability statement

Revenue Expenditure influence the profitability statement in period?

E

Expert

Verified

As the return on revenue expenditure is obtained in the same period so the entries relating to the revenue expenditure will influence the profitability statements as every entry are passed in the similar accounting year, the year in that they were acquired.

   Related Questions in Accounting Basics

©TutorsGlobe All rights reserved 2022-2023.