what is differenct between capital expenditure and revenue
expenditure?
Answer Posted / ajay thakkar
capital expenditure is the expenditure which is incurred
for purchase of fixed asset.
revenue expenditure is day to day expenditue to run the
business.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
As you know executive accounting?
M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances
Tell us why did you select accounting as your profession?
Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
What is the use of accounting?
Differentiate accounting and auditing?
how to enter the tender refund amount in tally ?
Differentiate between provision and reserve?
hai! i am a BE(computer science) graduate with 54% of aggregate looking for bank clerk job? in interview they are asking why are you looking for a bank job and what guareente that once you are selected ? plz guide me?
I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?
What does overhead mean in regards to accounting?
Tell me what are the activities that includes in cash flow statement?
What are time sheets?
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.