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What is the difference between income and expenditure incurred?
Inflow of money is income . Outflow of money is expenditure
What is the definition of Recurring Expenditure and Non Recurring Expenditure?
expenditure
What is Spenditure?
There isn't an Enlglish definition because it is not a word. However, expenditure would be the translation.
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.
What the root word for expenditure?
The root word of expenditure is expend. oh ya
Is the expense incurred in acquiring patent rights a revenue expenditure?
capital expenditure.
Can expenditure incurred for defence of title of a capital asset be treated as capital expenditure?
Introduction expenditures
What is the difference between income and expenditure incurred?
Inflow of money is income . Outflow of money is expenditure
What is war price?
The expenditure incurred in a war in monetary term. The loss incurred by destruction of infrastructure and life.
What is the definition of Recurring Expenditure and Non Recurring Expenditure?
expenditure
What is the difference between revenue expenditure and deferred revenue expenditure?
Revenue expenditure is that which is incurred in anticipation of generating future income for not more than one yr for example- exp incurred in sales promotion and advertisement of an enterprise. Whereas deferred revenue exp. are those for which payment has been made or a liability has been incurred on the presumption that it will be of benefit over a subsequent period or periods
Is depreciation revenue expenditure?
Yes depreciation is a revenue expenditure as it incurs every year to generate revenue and capital expenditure is that expenditure which is incurred for one time to earn revenue for more than one fiscal year.
Define revenue expenditure?
revenue expenditure is recurring in nature. It is incurred to operate day to day expenses. eg salaries and wages, printing and stationery.
What is different between capital and revenue expenditure?
Revenue expenditures are those expenditures which are incurred more than once in a fiscal year and benefits are for only one fiscal year while capital expenditures are those expenditure the benefits of which are taken by company for more than one fiscal years.
What is the link between irregular fruitless and wasteful and unauthorised expenditure?
Fruitless and wasteful expenditure; means expenditure which was made in vain and would have been avoided had reasonable care been exercised. Irregular expenditure; means expenditure , other unauthorised expenditure, incurred in contravention of or that is not in accordance with a requirement of any applicable legislation.
Capital and revenue expenditure?
Capital expenditure includes costs incurred on the acquisition of a fixed asset and any subsequent expenditure that increases the earning capacity of an existing fixed asset. Where as, Revenue expenditure incurred on fixed assets include costs that are aimed at 'maintaining' rather than enhancing the earning capacity of the assets. These are costs that are incurred on a regular basis and the benefit from these costs is obtained over a relatively short period of time.
Deferred revenue expenditure?
Deferred expenditure refers to expenses incurred which do not apply to the current accounting period. Instead, they are debited to a 'Deferred expenditure' account in the non-current assets area of your chart of accounts. When they become current, they can then be transferred to the profit and loss account as normal.
