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Q: If you're out on workmen's comp in California for 6 months or more do you still have company benefits?
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What are accruals and prepayments?

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What is the difference between revenue and expenses?

Revenue expenditure are those for which company has spend money but not yet took the benefits of them as soon as company take benefits of those expenditure, it become expanse. For Example: Inventory purchase for 3 months of production is revenue expenditure but when this inventory utilized in production then the portion of utilized inventory become expanse.


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