what is the capitla expenditure & revenue expenditure give
the 5 difference between capital & revenue expenditure and
also its example?
Answer / abdul rashid
A capital expenditure is an amount spent to acquire or
improve a long-term asset such as equipment or buildings.
Usually the cost is recorded in an account classified as
Property, Plant and Equipment.
A revenue expenditure is an amount that is expensed
immediately—thereby being matched with revenues of the
current accounting period. Routine repairs are revenue
expenditures because they are charged directly to an
account such as Repairs and Maintenance Expense. Even
significant repairs that do not extend the life of the
asset or do not improve the asset (the repairs merely
return the asset back to its previous condition) are
revenue expenditures.
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Raman site engineer joined on 1-1-2009 in the company with an agreed salary of Rs 20000/-. On the joining date he was given advance of Rs 50000/-agreeing for adeduction of Rs 7500/- for month from salary. Pass salary entry till March,and let me know the advance balance as on 1st April
explain Dual entry concept
HI ALL PLS EXPLAIN IN BRIEF ABOUT DEBIT& CREDIT& ALSO GIVE EXAMPLES FOR PERSONAL a/c,REAL a/c,NOMINAL a/c?
Raman site engineer joined on 1-1-2009 in the company with an agreed salary of Rs 20000/-. On the joining date he was given advance of Rs 50000/-agreeing for adeduction of Rs 7500/- for month from salary. Pass salary entry till March,and let me know the advance balance as on 1st April
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What type of Questions are asked for Interview in Infosys - Financial Process. Any one who is into Research Analyst or Process Executive role, kindly contribute the Questions faced by you?
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What are liabilities
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0 Answers Accenture, Capital IQ, Thomson Reuters,
in which group under we will open donation and hamali weekly payment account or ledger