Multiple choice

Revenue expenditures are shown on the

  1. debit side of profit and loss account.

  2. credit side of profit and loss account.

  3. liabilities side of balance sheet.

  4. assets side of balance sheet.

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Revenue expenses should be shown on the debit side of Pand L account and revenue income on credit side of it.