Charges on maintenance, repair, upkeep and working expenses, which are required to maintain the assets in a running order as also all other expenses incurred for the day to day running of the organization, including establishment and administrative expenses can be classified as:
A. Capital expenditure
B. Revenue expenditure
C. Voted expenditure
D. Charged expenditure
Answer:B
Charges on maintenance, repair, upkeep and working expenses, which are required to maintain the assets in a running order as also all other expenses incurred for the day to day running of the organization, including establishment and administrative expenses can be classified as:
A. Capital expenditure B. Revenue expenditure C. Voted expenditure D. Charged expenditure