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"Legal expenses incurred to defend a suit for breach of contract to supply goods" is (A) Capital Expenditure

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"Legal expenses incurred to defend a suit for breach of contract to supply goods" is

(A) Capital Expenditure

(B) Revenue Expenditure

(C) Deferred Revenue Expendi- ture

(D) More than one of the above

(E) None of the above

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1 Answer

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by (53.1k points)

Correct option is (B) Revenue Expenditure  

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