Who prepare income and expenditure account and for what?
- 9 Answers
- 28804 Views
- Scope International, I also Faced
- E-Mail Answers
Answer Posted / nalini reddy
1)"income is the sum of all the wages, salaries, profits,
interests payments, rents and other forms of earnings
received... in a given period of time.'' For firms, income
generally refers to net-profit: what remains of revenue
after expenses have been subtracted.
2)Capital expenditures (CAPEX or capex) are expenditures
creating future benefits. A capital expenditure is incurred
when a business spends money either to buy fixed assets or
to add to the value of an existing fixed asset with a
useful life that extends beyond the taxable year.
And prepared by Accounts department.
| Is This Answer Correct ? | 13 Yes | 4 No |
Post New Answer View All Answers
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.
what is automatic payment in sap fico
how to maintain stock if any entry mismatch pllzz tell me short cut
WhatIs the limit of duty exemption in smal scale industries.
pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com
Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.
Expand---------SDRT?
what is dieerence between capital cpapital structure
Expand---------NMOP
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach
What is ABC Analysis in industrial function. hw can it s maintain ?
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
What is compensation theorem?
Being BE student why you want to join bank?
what is corporate accounting?
