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What else can I help you with?
If a capital expenditure is treated as a revenue expenditure then?
Now, if a capital expenditure is treated as a revenue expenditure, then the expenses would be overstated and also the Fixed assets would be overstated
Another name for a capital expenditure is?
Fixed assets.
What are the accounting cycles?
1) Revenue 2) Expenditure 3) Conversion 4) Fixed Assets
Where does capital expenditures fit in balance sheet?
Capital expenditure are those type of expenditure the benefits of which are taken in more then one years by the business entity. So according to this all fixed assets are capital expenditures and fixed assets are shown at asset side of balance sheet.
What is a fixed expenditure?
A fixed expenditure refers to regular, predictable expenses that do not fluctuate significantly over time. Examples include rent or mortgage payments, insurance premiums, and subscription services. These costs are typically contractual and must be paid regardless of changes in income or spending behavior. Understanding fixed expenditures is crucial for budgeting and financial planning.
If a capital expenditure is treated as a revenue expenditure then?
Now, if a capital expenditure is treated as a revenue expenditure, then the expenses would be overstated and also the Fixed assets would be overstated
What is capital expenditure?
It is an expenditure in order to upgread or capitalize the fixed asset .this can be expressed either by extending the future expected life or by capitalizing the fixed asset cost.
Another name for a capital expenditure is?
Fixed assets.
Is the cost of a building a fixed asset?
Capital Expenditure.
How to record a new roof in Quickbooks?
Record the entire expenditure as a Fixed Asset. Then use the Fixed Asset Manager to amortize the expense.
Is petty cash a fixed cost?
No, petty cash is a control account not an expenditure account.
What are the accounting cycles?
1) Revenue 2) Expenditure 3) Conversion 4) Fixed Assets
Where does capital expenditures fit in balance sheet?
Capital expenditure are those type of expenditure the benefits of which are taken in more then one years by the business entity. So according to this all fixed assets are capital expenditures and fixed assets are shown at asset side of balance sheet.
What is a fixed expenditure?
A fixed expenditure refers to regular, predictable expenses that do not fluctuate significantly over time. Examples include rent or mortgage payments, insurance premiums, and subscription services. These costs are typically contractual and must be paid regardless of changes in income or spending behavior. Understanding fixed expenditures is crucial for budgeting and financial planning.
Where would The capital expenditure would appear on?
The capital expenditure would appear on the balance sheet of a company. It is typically listed under the category of "Property, Plant, and Equipment" or "Fixed Assets."
Is payment of wages to employees capital or revenue expenditure?
Payment of wages is classified as a normal running cost of a business, so is stated under revenue expenditure. I got really confused with this one aswell. Anything that is paid regularly and is not a fixed asset or any costs associated with a fixed asset, is capital e.g machinery, improvement, legal fees, delivery. Therefore wages is revenue expenditure, hope this helps.
What is expenditure and give one journal entry?
Expenditure is that amount which is paid in advance and benefit of which amount is need to be taken for more than one fiscal year like asset expenditureDebit fixed assetCredit cash / bank
