Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / h.r. sreepada bhagi
In Accounting the terms Capital & Revenue have a broader
meaning than just Owners Equity & Income.
Nature of the transaction may be Capital or Revenue - i.e.
it may be Capital Expenditure, Capital Receipt, Revenue
Expenditure or Revenue Receipt.
Capital Expenditure - Expenditure on Acquiring or Purchasing
Fixed Assets (Capital items)
Capital Receipt - Money Received on the sale or transfer of
Fixed Assets (Capital items)
Revenue Receipt - Money received in the ordinary course of
business from business operations.
Revenue Expenditure - Money spent in the ordinary course of
business to meet normal running expenses of the business.
Capital - The money invested in a business of profession or
any venture to earn profit by utilising the money for the
intended purpose.
Revenue - Simply Income or Receipt of money in the normal
course of operations.
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
Cello pen gross value is 935.89 for 12 nos 14.5% tax
What do u mean by press releases
What is ppe in accounting?
Why did you select accounting as your profession?
for giving the salary in terms of cash to an employee for what minimum amount revenue stamp is reqired to paste the vouceher? up to what limited revenue stamp is required?
Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.
Entry Tax is Central Income or State Income. Which Challan this tax deposited ? In Sale Tax Return which column is shown this tax
Tell me what is project implementation?
purchase return liability or asset?should it be included in the balanced sheet?
List of Indian accounting standards and international financial reporting standards
my interview is on tuesday so i just want to know everything about the interview like which type of question they will ask me as i completed m.com . please helm me plz plz
What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?
2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.
what made you take up present subject/area of specialization and what would you define as your career objectives
As you know excellent communication skills are at the core of this position. Do you have experience with interpersonal communication in a professional setting?
