JAMB Accounting 2009 Objective — Question 47

Question 47 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2009 Objective paper, with the correct answer and a full explanation.

47. Expenditure incurred on consumables and goods for resale is

A. revenue expenditureCorrect
B. capital expenditure
C. sunk cost
D. miscellaneous expenses

Explanation

Spending on consumables and goods for resale recurs regularly in normal trading operations, making it revenue expenditure.

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