Explanation:
Revenue expenditure refers to the costs incurred in the normal course of business to generate revenue. These costs are deducted from revenue to determine the net income or profit of a business. Any amount spent to minimize the working expenses can be considered as revenue expenditure only if it meets certain criteria.

Criteria for Revenue Expenditure:
1. It should be incurred for the purpose of generating revenue.
2. It should be a recurring expense that is incurred regularly over a short period of time.
3. It should not result in any long-term benefit to the business.

Examples of Revenue Expenditure:
1. Rent paid for office space
2. Salaries and wages paid to employees
3. Utility bills such as electricity, water, and gas
4. Repairs and maintenance expenses
5. Advertising and promotional expenses
6. Insurance premiums
7. Travel expenses

Conclusion:
Hence, any amount spent to minimize the working expenses can be considered as revenue expenditure only if it meets the above-mentioned criteria. However, if the expense results in a long-term benefit to the business, it would be classified as a capital expenditure.

Expenses incurred on the repairs for the first time on purchases of an old building are capital expenditure true or false