Inauguration expenses of Rs. 10 lakhs incurred on the new unit in an existing business is a capital expenditure. [Dec. 2023, 2 Marks]
Options
A
B
C
D
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Theoretical FrameworkQuestion 4633 of 110
All Questions Correct Answer
✅ Option — Correct Option
All Options:
- A
- B
- C
- D
Detailed Solution & Explanation
False: Inauguration expenses of rs. 10 lakhs incurred on the new unit in an existing business
is a revenue expenditure.
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