Answer / h.r. sreepada bhagi

In Accounting the terms Capital & Revenue have a broader
meaning than just Owners Equity & Income.

Nature of the transaction may be Capital or Revenue - i.e.
it may be Capital Expenditure, Capital Receipt, Revenue
Expenditure or Revenue Receipt.

Capital Expenditure - Expenditure on Acquiring or Purchasing
Fixed Assets (Capital items)

Capital Receipt - Money Received on the sale or transfer of
Fixed Assets (Capital items)

Revenue Receipt - Money received in the ordinary course of
business from business operations.

Revenue Expenditure - Money spent in the ordinary course of
business to meet normal running expenses of the business.

Capital - The money invested in a business of profession or
any venture to earn profit by utilising the money for the
intended purpose.

Revenue - Simply Income or Receipt of money in the normal
course of operations.

Answer / md. shah alam

Capital is the owners' equity and revenue is income for the
entity.

Answer / lakshmi

capital expenditure:it is simply the benifit which we are
getting from any asset and which lasts for a longer
period .the benifit from any machinery,computer systems
lasts for a longer time.

revenue expenditure:it burns in every year.items recorded
in p&la/c.

What are Wash accounts and suspense accounts and how do they operate?

1 Answers   Infosys,

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if salary is paid what will be entry? If it is given on advance? If it is paid on delay

5 Answers  

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Is petty cash book is compulsory in all companies?

1 Answers   ACS,

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what is cash book

3 Answers  

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what is the defination of mat n calculation of mat... with example this is applicable in company or firm, pl. discribe me.....thanx ashok

1 Answers  

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How the Depreciation will calculate in Company?

1 Answers  

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I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.

1 Answers  

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Explain in simple terms what is the difference between asset, equity, and liabilities?

1 Answers  

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How Can We Justify the,Real A/C & Nominal A/C?

1 Answers   Cap Gemini,

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Here is a question i was asked below is the scenario need to enter journal entrries for both accounting system Cash and Accrual :- 1) Landlord A/c 2) Tenant A/c 3) Bills Receivable A/c 4) Cash A/c 5) Bank A/c Situation:- 1) Bill is created. 2) Bill is sen to the tenant, journal entry =? 3) Cash is received from the tenant, journal entry=? 4) Receipt is created. 5) Receipt is sent to the tenat, journal entry=? Its urgent, please help.

2 Answers  

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how&when brs is prepared

5 Answers  

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what is the journal entry of payment received after deducting tds?

4 Answers  

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