The Delhi government initiated a program of training teachers for "Rashtriya Madhyamik Shiksha Abhiyan". How will the expenditure incurred on this be treated?
Answer & explanation
Correct answer: option 2
The correct answer is Option 2: Revenue expenditure
It will be considered under "Revenue expenditure" as it is a recurring expense which the government has to bear.
Revenue expenditure do not effect the assets and liabilities status of the government. They are generally of recurring nature.