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What is the difference between capital and revenue expenditures and how each type of expenditure is disclosed in financial statement?
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∙ 12y ago
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∙ 12y ago
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What is the Difference between budget and actual expenditure?
Budget is the projected financial estimate in a given year, whilst expenditures are the actual expenses incured in carrying out the budget.
Where is the revenue expenditure listed on the financial statement?
revenue expenditures are recorded in "income statement" as revenue expenditures are those expenses, benefits of which has already taken by company in full.
What are annual expenditures when figuring your financial statements?
no expenditures in financial statment-chacko
Difference between cost and expenditure?
basically both are cash outflow but in case of cost we have some financial advantage while in case of expenditure there are no financial advantage.cost is an value of any item.
Distinquish between savings and financial surplus?
This is the difference between Income and Expenditure in a non-profit making business, where the income exceeds expenditure
Where is the amount of merchandise inventory disclosed in the financial statements?
Amount of merchandise inventory is disclosed at the bottom of the financial statement under balance sheet.
What are the ethical issues of financial accounting?
People leak disclosed financial information about the businesses
Why is important to have financial discipline?
It is important to have financial discipline if you want to put your expenditure under check.
Which financial statement summarises income and expenditure?
income statement
What is the difference between governmental accounting and financial accounting?
Governmental accounting is the form accounting practice by government- recognizing inflows as revenue and outflows as expenditure, whereas financial accounting is the accounting work done within an institution.
Is Sarah palin a millionaire?
According to her financial records disclosed in October 2008, she is not.
What is the definition of outstanding expenses?
Making liability provision for the expenses relating to current year but actual payment to be incurred in the next financial year is outstanding expenses. Example of this case may be salary arrears.Making payment during the current financial year but actual expenditure is related to next financial year is prepaid expense. This type of expenditures arises in the case of advance payment of taxes on certain categories.
