Answer / triloksharma71

For a company, this is the total amount of money received
by the company for goods sold or services provided during a
certain time period. It also includes all net sales,
exchange of assets; interest and any other increase in
owner's equity and is calculated before any expenses are
subtracted. Net income can be calculated by subtracting
expenses from revenue. In terms of reporting revenue in a
company's financial statements, different companies
consider revenue to be received, or "recognized", different
ways. For example, revenue could be recognized when a deal
is signed, when the money is received, when the services
are provided, or at other times. There are rules specifying
when revenue should be recognized in different situations
for companies using different accounting methods, such as
cash basis and accrual basis.

Answer / satyaki_raju@yahoo.com

Revenue is the receipt of the business enterprise thru sale
of products and providing service

Define Capital Expenditure

2 Answers  

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Mr.Jadhike owns a fleet of taxis adn the following information are available from the records maintained b him: 1.Number of taxis 10 2.salary of manager 600pm 3.cost of each taxi 20000 4.salary of cleaner 500pm 5.salary of mechanic 400 pm 6.garage rent 600pm 7.insurance premium 5%pa 8.annual tax 600 per taxi 9.driver salary 200 pm per taxi annual repair 1000 per taxi total life of a taxi is about 200000 kms. a taxi runs in all 3000kms in a month of which 30% it runs empty. Petrol consumption in one litre for 10kms@1.80 per litre. Oil and other are rs 5 per 100 kms calculate the cost of running a taxi per km 5

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I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.

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