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What is the format for capital expenditure budget?
The format for capital expenditure budget is to list all the expenditure with their estimates. The cost of capital assets and expenditure must be provided.
What is the difference between capital income and capital expenditure?
Income is money coming in, expenditure is money going out (spending).
Is salary a capital expenditure?
No. No capital asset results from it.
What is life assurance fund?
It is the excess revenue income over revenue expenditure for an insurance company.
How does an increase in revenue affect working capital?
Revenue affects the capital by decreasing the capital.
Is leasing a capital expenditure?
If it is finance lease then it is capital expenditure otherwise it s revenue expenditure
What will be paid water charges to the muncipal committee a capital expenditure or revenue expenditure?
revenue expenditurerevenue expenditure
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 differentiates capital expenditure from revenue expenditure?
Capital expenditure is spending from your savings (eg buying a house), Revenue expenditure is spending from your wages (eg buying a beer).
What would happen if you recorded a capital expenditure as a revenue expenditure?
if you recored revenue expediture as capital expediture your profit will be decrease by that amount
Why it is important to distinguish capital expenditures from revenue expenditures for tax purpose?
Because it is important. Capital expenditure = non-deductible Revenue expenditure = deductible
The cost of a new windshield wiper on a delivery truck would be classified as a capital expenditure or revenue expenditure or an infrequent expense?
revenue expenditure
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.
What are the item's of capital expenditure and recurrent expenditure?
Recurrent or Revenue Expenditure are those expenditure the benefits of which are utilized by company in one single year and capital expenditure are those expenditure the benefits of which are utilized for morethan one fiscal year. Revenue expenditure Example: Inventory etc Capital Expenditure : plant, machinery, building etc.
Is the expense incurred in acquiring patent rights a revenue expenditure?
capital expenditure.
What are t6he examples of revenue expenditure?
Any asset purchased for short term with the intention to resale it OR any repair, replacement, which is done to maintain a standard of activity level is termed as revenue expenditure. A car purchased for the purpose of resale is revenue expenditure, on the contrary if the car is purchased and is used for the purpose of the company then it is considered as a capital expenditure.
Examples of revenue expenditure?
wages and salaries
