Q. Which one of the following should be considered a revenue expenditure? (Solved)
1. 1000 paid for the execution of a new plant
2. Loss of `10,000 incurred in increasing the sitting accommodation of a hotel
3. Damage paid on account of breach of a contract to supply certain goods
4. Repair to machinery purchased, second han
- c. Damage paid on account of breach of a contract to supply certain goods