Revenue Expenditure
Revenue
Expenditure
Revenue Expenditure is that expenditure which is
incurred for maintaining productivity or earning capacity of a business. An
item of expenditure whose benefit express within the year or expenditure which
merely seeks to maintain the business or keep assets in good working condition
is revenue expenditure. Expenses of
following nature are treated as revenue expenses:—
(i) Expenses for running the business.
(ii) Expenses incurred to maintain the fixed assets( maintenance expenditure).
(iii)Purchase of material and goods.
(iv)Depreciation.
(v) Administration of the business
(vi) Selling and distribution expenses.
(vii)Taxes and legal expenses.
(viii)Research expenditure.
Such expenditure does not increase the efficiency of the firm, nor does it
result in the organization of something permanent.
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