Sir I have the following doubts
Sir is maintainence cost considered a revenue expenditure
And is repair cost considered also a revenue exoendityre
Are both the terms essentially the same thing??
Also what exactly is the difference between a repair and refurnishment
Because refurnishment could be making a building look like as if it was in the original state and repair also can mean making broken stuff look like in the original state
Ask the Tutor ACCA MA
Capital expenditures
They are effectively the same thing and both are revenue expenditure.
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