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.

what will be the tratment if company is going to buy a new plant/office . pls tell me how i consider all this transction in tally ex. advance given to party , ragistration exp, stamp duty paid, finel payment made etc.

1 Answers  

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what is the use preparing balance sheet

5 Answers   Nestle,

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if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.

0 Answers   Sky Link,

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i need to know the questions which are asked in the operational round in dell for finance and accounting process,.,

2 Answers  

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A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.

0 Answers  

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What is an asset, an expense, a liability, revenue and equity?

3 Answers  

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Please Explain the following Depreciation Methods? 1.stright line method 2.reducing method 3.annuti Method 4.funds Method 5.insurance Method

1 Answers  

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whatis the difference between invoice and bill?

4 Answers  

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what are different inventory and stock.

1 Answers  

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An amount of $287 written off as a bad debt in a previous accounting period was received from photo services. How to pass the journal entry?

2 Answers  

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TDs Return in Excel format

2 Answers  

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The main financial accounting statements?

0 Answers  

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