Capital and Revenue

As we know about capital and revenue items. These are: (1) Capital Expenditure (2) Revenue Expenditure (3) Capital Receipt (4) Revenue Receipt Effects of Wrong/Incorrect…
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Definition of Receipts and its Types: Receipts are the amounts actually received in cash. The receipts may be categorized as: (1) Capital Receipts and (2)…
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Before this article, we should know the difference between terms; expenditure and expense. Expenditure is an amount incurred by a business to purchase assets and…
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Introduction – Capital and Revenue Items: In order to know the fair performance and financial standing of a business; the nature of business transactions taking…
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