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CAPITAL AND REVENUE NOTES covers the topic of Difference between Capital and revenue expenditure and Difference between Capital and Revenue receipts. QUESTION: What do you understand by capital and revenue expenditure? Explain the difference between these two? OR QUESTION: “Capital expenditure is different from revenue expenditure.” Explain CAPITAL EXPENDITURE The expenditure incurred by the business…
DIFFERENCE BETWEEN CAPITAL EXPENDITURE AND REVENUE EXPENDITURE To understand the difference between capital expenditure and revenue expenditure, the concepts of capital expenditure and revenue expenditure are as follows: CAPITAL EXPENDITURE The expenditure incurred by the business enterprise for the purchase of fixed assets or to repay the loan is known as Capital expenditure. This is…
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