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What is between revenue and expenditure?
revenue is income and expenditure is an expense
What is capital and what is revenue expenditure?
Revenue expense are costs in the for day to day running of the business for example servicing a machine, spare parts etc. Revenue expenditure is normally charged against profit in the Income..Capital expenditure is an expenditure incurred in acquiring a fixed asset and any other cost incurred in putting the asset in a usable condition like cost of transportation, installation and cost.
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.
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 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
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.
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.
Would costs incurred for advertising be considered revenue or expense?
it is considered as a deferred expense.
Accruals are needed when an unrecorded expense has been incurred or an unrecorded revenue has been earned?
true
Are Accruals needed when an unrecorded expense has been incurred or an unrecorded revenue has been earned.?
true
Adjustments for accruals are needed to record a revenue that has been earned or an expense that has been incurred but not recorded?
TRUE
What is the Difference between revenue expenditure and expense?
Revenue expenditure are those for which company has spend money but not yet took the benefits of them as soon as company take benefits of those expenditure, it become expanse. For Example: Inventory purchase for 3 months of production is revenue expenditure but when this inventory utilized in production then the portion of utilized inventory become expanse.
