A revenue expenditure is deducted from revenues in determining the net income for the period.

Name: A revenue expenditure is deducted from revenues in determining the net income for the period.
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Question

Quizplus · Accepted Answer

A revenue expenditure is an expense incurred in the current period that is expected to provide benefits only for the current period, such as the cost of goods sold or salaries and wages. These expenses are deducted from revenues in determining the net income for the period.

A Revenue Expenditure Is Deducted from Revenues in Determining the Net