| A. |
Expenses incurred in the normal course of business, for example, expenses of administration, expenses incurred in manufacturing and selling products. Examples of such expenses are salaries, rent, insurance, postage, stationary, repairs to assets.
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| B. |
Expenses incurred to maintain the business, for example, replacements for maintaining the existing permanent assets cost of stores consumed in the course of manufacturing, for example, oil, cotton-waste, machinery, spares consumed.
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| C. |
Depreciation on fixed assets, interest on loans for business, loss from sale of fixed asset.
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| D. | All of the above |
Answer : D Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
