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  • Accounting and Finance for Bankers - 3 (JAIIB)
  • Legal expenses incurred in defending a suit for breach of...
Multiple choice

Legal expenses incurred in defending a suit for breach of contract to supply goods come under

  1. revenue expenditure

  2. capital expenditure

  3. deferred revenue expenditure

  4. None of the above

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

Correct Answer: revenue expenditure

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