capital vs revenue expenditute

Accountancy

in the exqmple given - legal fees incurred will it not be treated as a loss? [Video Time Stamp: 06:41] Video Details ------------- Accounting - CA Foundation (New) Capital And Revenue Expenditures and Receipts #4. Illustrations

vidya Shah

CA Inter

★ 0

28-Apr-26 20:17

120

Answers (1)

It is not a loss. It will shown as revenue expendiature in the P&L A/c

Likith kumar Duganapalli

Moderator

30-Apr-26 09:55