A firm hires the services of a chartered accountant and pays fees. For the firm, payment of fees is
A firm hires the services of a chartered accountant and pays fees. For the firm, payment of fees is
a) Final expenditure
b) Intermediate expenditure
c) Investment expenditure
d) Capital Expenditure
Anurag Pathak Changed status to publish April 9, 2023
Ans – b)
Explanation:-
Intermediate consumption expenditures are the expenditure of the firm that are resold by the firm to others.
Thus the cost of hiring a chartered accountant by the firm is added to the final product of the firm and thus is charged by the final user.
Anurag Pathak Changed status to publish April 9, 2023
