Annual software subscription charges for routine use are generally:

Type: MCQ • Marks: 1

A. Capital expenditure

B. Revenue expenditure

C. Capital receipt

D. Loan repayment

Explanation

A recurring subscription for current-period use is generally revenue expenditure, subject to applicable accounting policy.

Want to attempt the full test series with a timer and instant score? Purchase the package to unlock the complete test. Purchase Now

UPSC Principal & Vice Principal Management Finance Administration

This page is indexed for search so students can find questions directly from Google.

Welcome to TutorWale!