Overhauling expenses for the engine of motor car to get better fuel efficiency is revenue expenditure. [Nov. 2018, 2 Marks]
Options
A
B
C
D
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Theoretical FrameworkQuestion 4628 of 110
All Questions Correct Answer
✅ Option — Correct Option
All Options:
- A
- B
- C
- D
Detailed Solution & Explanation
False: Overhauling expenses incurred for the engine of a motor car to derive better fuel
efficiency will reduce the running cost, so this is a capital expenditure.
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