Which one of the following items is considered revenue expenditure

    2.Which one of the following items is considered revenue expenditure ?(A) Expenditure by way of maintenance that has increased productivity(B) Repair of a gearbox in a car that has enhanced its operational life(C) Complete overhaul of a machine, spending around 20% of its value(D) Changing a small component of a machine to maintain its operating efficiency3.Which one of the following reports deals with ‘Corporate governance’ ?(A) Sabhanayagam Report(B) Kumaramangalam Birla Report(C) Narasimhan Report(D) L.C. Gupta Repor

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