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Why it is important to distinguish capital expenditures from revenue expenditures for tax purpose?
Wiki User
∙ 13y ago
Because it is important.
Capital expenditure = non-deductible
Revenue expenditure = deductible
Wiki User
∙ 13y ago
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What would be the entry on authorized capital stock?
There is no entry required for authorized capital as it is just the information purpose that a company can issue that much of capital maximum.
What is the purpose of the Accounting and Financial Functional Area?
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the purpose of having a national budget is to provide a forecast of revenues and expenditures for the country. That is, construct a model of how the country might perform financially if certain strategies, events and plans are carried out. It enables the actual financial operation of the country to be measured againnst the forecast. It is also important to establish the cost constraint for a project, program or operation. :)
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Capital reserve is a reserve created to deal with general, unspecified contingencies such as inflation. It is a fund set aside for the specific purpose and can not be distributed for other uses. Normally it is legally not distributable as dividends to shareholdersReserve Capital is the part of the Authorised capital which is not yet called up
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My company made me list all my expenditures from attending the conference.Expenditures are monies spent for a specific purpose.
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Seed capital is the initial capital used to start a business with. This is important because without seed capital no business would ever be able to get off the ground.
What is the three-part test of that helps to justify the purpose of expenditures?
necessary expense rule
The three part test of what helps to justify the purpose of expenditures?
necessary expense rule
What The three-part test of the helps to justify the purpose of expenditures.?
necessary expense rule
What is three part test of the helps to justify the purpose of expenditures?
necessary expense rule
What is the three part test that helps to justify the purpose of expenditures?
necessary expense rule
What is the three part test to help to justify the purpose of expenditures?
necessary expense rule
Minimum amount of expenses which should be treated as capital expenditure?
Costs that proceed a benefit, new assets that have substantial life, improvements that prolong the life of property, and adaptions that permit the property be used for new or different purpose are considered capital expenditures. In a nut shell, they are all initial cost with long term profitable results.
what countries have a purpose built capital city?
Brasilia, the Capital City of Brazil was purpose built, as Rio de Janeiro was their previous Capital City.
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What is the purpose of appellate jurisdiction and original jurisdiction?
To distinguish between higher and lower courts
