Which of the following items should not be classified as a revenue expenditure?

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Interest expenses on borrowed funds and debenturesYearly fire insurance charges for machinery and equipmentSales tax incurred when acquiring office equipmentMinor costs on durable assets, like ₹20 spent on a paperweightNone of the above

Explanation

Revenue expenditures are costs that provide benefits only within the current accounting period and are typically recurring, hence charged to the Profit & Loss account. Interest on loans, annual insurance premiums, and small expenses on long-term assets fall under this category. However, sales tax paid during the purchase of office equipment is a one-time cost with benefits extending beyond one accounting cycle, so it should be capitalized and not treated as a revenue expenditure.