Africa Exams
Your Academic Best Friend Across Africa
Home
Ghana
Ghana BECE Exams
Kenya
Kenya KCPE Papers
Kenya KCSE Papers
Kenya KASNEB Papers
Nigeria
WAEC Exams
JAMB Exams
Rwanda
Rwanda Primary Papers
Rwanda Secondary Papers
Uganda
Uganda PLE Papers
Uganda UCE Papers
Uganda UACE Papers
More
About
Contact Us
Our Apps
Privacy
Test Index
JAMB Accounts Principles of Accounts 2015 Paper
Show Para
Hide Para
Share question:
© africaexams.com
Question : 1
Total: 69
An expenses is said to be revenue in nature if it
adds or contributes to the operating income of the business
necessitates the introduction of additional capital
reduces the capital of the business
adds to or improves the value of fixed assets
Validate
Solution:
This is a very correct option to the question asked. Preliminary or preoperative expenses is a good example. They are expended and have a very great contribution to the income generated.
© africaexams.com
Go to Question:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
Next Question