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What is life assurance fund?
It is the excess revenue income over revenue expenditure for an insurance company.
Examples of capital expenditure and revenue expenditure?
Capital expenditures are included in fixed asset costs. Examples of capital expenditures are purchase costs, legal charges delivery charges, and installation charges. Revenue expenditures include maintenance charges, renewal expenses, repair costs, and repainting costs.
What are the subsystem of accounting information system?
Subsystem of Accounting Information Systems (AIS) are:1.The Revenue Circleincludes sales and revenue in the form of cash.2. The Expenditure Cyclepurchasing activities and payment with cash.3. The Human Resources / payroll cycleincludes the activities of contract and hire employees4. The production cyclethe process of changing raw materials into finished material5. The financing cycleincludes activities to get data from investors, as well as their payments again.
Defered revenu expinduture Meaning?
The deferred revenue expenditure refers to the incurred company expenses in one accounting period benefited for more than one accounting period. The common example of this expenditure is the cost of advertising and business licensing.
What is deferred revenue?
A deferred revenue expenditure is that where the benefit the expenditure can be had for more than ONE accounting period and less than FIVE accounting periods. There are no hard and fast rules that the period is linted to 1 - 5. It is just an assumption. It stands as an expired cost after the business entity has had the complete benefits. It is written off every year. saurav singh B.E(MECH) & MBA(FINANCE)
What is between revenue and expenditure?
revenue is income and expenditure is an expense
What is the meaning of revenue expenditure?
Revenue is money and an expenditure is what is spent.
What will be paid water charges to the muncipal committee a capital expenditure or revenue expenditure?
revenue expenditurerevenue 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.
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).
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
What do you mean by revenue expenditure?
Expenditure for which benefit is expected to be taken in one fiscal year from occurance of expenditure is called 'Revenue Expenditure" Expenditure for which benefit is expected to be taken for morethan once year is called 'Capital Expenditure'
Difference between expenditure management and revenue management?
Expenditure is money going out, revenue is money coming in.
What is revenue expenditure?
A revenue expenditure is anything that relates to the day to day running of the business; for example, wages and salaries.
Is leasing a capital expenditure?
If it is finance lease then it is capital expenditure otherwise it s revenue expenditure
Definition of budget deficit?
If the revenue is less than the expenditure, a budget is said to be in deficit. A budget is divided into 3: a. Surplus budget b. Deficit budget c. Balanced budget Surplus : REVENUE greater than EXPENDITURE Deficit : REVENUE less than EXPENDITURE Balanced : REVENUE equals EXPENDITURE
