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Business Studies

Promotion of a Company

Question 30 e...

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Question 30

___ expenses are the additional expenses incurred by a buyer for an item over and above its cost of purchase.

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Overhead expenses are the additional expenses incurred by a buyer for an item over and above its cost of purchase.

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Question 30

___ expenses are the additional expenses incurred by a buyer for an item over and above its cost of purchase.

Q. The additional cost spent on transportation, maintenance, labour, repair, etc., expenses incurred are called _______.

Question 47

Additional expenses made after buying an article are included in the cost price and are known as Value Added Tax.

Q. State whether the following expenses are capital or revenue in nature:
(i) Expenses on whitewashing and painting of a building purchased to make it ready for use.
(ii) ₹ 10,000 spent on constructing platform for a new machine.
(iii) Repair expenses of ₹ 25,000 incurred for whitewashing of factory building.
(iv) Insurance premium paid as renewal premium.
(v) Purchased a new car.

Q. Expenses incurred for obtaining a license for starting a factory are ______________.

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Promotion of a Company

Standard XI Business Studies

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