Answer / megha

cap exp means expenditure on items for long term basis and
revenue expenditure is the expenditure on items used on
daily basis

Answer / shubha

Capital Expenditure is non-recuring exp, ie the benifits of
such expenditure is not only reaped in the accounting period
in which it is incurred, but also in the subsequent
accounting period.
Revenue expenditure is recurring expenditure. The benifits
of such expenditure is reaped in the same accounting period
in which it is incurred.

Please tell me under which heads following ledgers should open or create. 1. Vat on Sales 2. Vat on Purchases 3. Excise on Sales 4. Excise on Purchases 5. Service Tax Input 6. Service Tax Output It’s urgent for me.

14 Answers   Genpact, IMK, MMS,

---

I have faced so many interview in top compinies and I have been asked, why are looking for change or why you want to leave your current employer or give the reason to leave the current company. So could you please advice what should be answer on these question, as i have been rejected so many time due these question.

4 Answers   Accenture, CIO Review,

---

what is accounting

3 Answers   Redington,

---

what is the Difference between CC & OD accounts

4 Answers   Amul, ITC Infotech, Northern Trust,

---

vat comes in what type of head in golden rules procedure

2 Answers  

---

---

What is entry of Dishonored cheque issued to supplier

0 Answers  

---

1)Why closing stock or stock always a positive balance is any reason for? 2)if i am working in IT company what is my Accrual?

1 Answers   Infosys,

---

Is there any significance between Bank Reconciliation and Account Reconciliation in Accounts?

2 Answers  

---

stock split

5 Answers   FactSet Systems,

---

How the Depreciation will calculate in Company?

0 Answers  

---

What is band and why the company needs this?

0 Answers  

---

meaning of capital

2 Answers  

---