Answer / megha

cap exp means expenditure on items for long term basis and
revenue expenditure is the expenditure on items used on
daily basis

Answer / shubha

Capital Expenditure is non-recuring exp, ie the benifits of
such expenditure is not only reaped in the accounting period
in which it is incurred, but also in the subsequent
accounting period.
Revenue expenditure is recurring expenditure. The benifits
of such expenditure is reaped in the same accounting period
in which it is incurred.

Is the Bills payable is personal account ?

2 Answers   Income Tax, Josts Engineering Company,

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Dear sir, In tally what is list of cost centres? and what is the list of cost categories?

0 Answers  

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Tell me about a situation where you showed determination?

0 Answers  

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Capital reserve is - a) real account b) nominal account c) personal account d) none of them

0 Answers  

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What do you mean by share

7 Answers   Thomson Reuters,

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What is an adjusting journal entry?

0 Answers  

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if you are a hard working nature conclude your self?

0 Answers   Bank Of America,

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what are the entries for staff taken advance in tally? what are the ledgers to be created for this and under which group? and what are the voucher entries when the advance is refunded?

1 Answers  

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Why current assets Liability said & current Liability Assets said...?at tally ERP9

0 Answers   Engineers India Limited,

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What entry to be passed for Duty draw back as receivable

0 Answers  

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What is the golden rule of General Ledger?

2 Answers   IBM,

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what is contigent liability

5 Answers   Genpact,

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