Is interest payment a revenue expenditure?
Dear Student
Yes, interest payment is revenue expenditure. Revenue expenditures are those expenditure are incurred by a business enterprise during a year for performing the various business operations. Benefit of these expenditure is consumed within the year in which they are incurred .
Regards
Yes, interest payment is revenue expenditure. Revenue expenditures are those expenditure are incurred by a business enterprise during a year for performing the various business operations. Benefit of these expenditure is consumed within the year in which they are incurred .
Regards