Answer Posted / deepak gautam

capital expenditures are those expenditure which is used for
the future benefits or future profits such as purchase of
fixed assets.



Revenue expenditure is incur for day to day expense such as
short term expenses like salary , rent, fuel power, and so on.

Detail your responsibilities in accounts receivable

1076

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what is the due date of 28th feb

2388

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describe the rule of garner vs murray and how it relates to the dissolution of a partnership

5279

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What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.

1591

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what is profit and loss(dr) in cash flow statement?

1985

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I am working in govt. sec. How to make journal entry in books for Fix Deposit

1826

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Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?

3657

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What are accounting entities?

986

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why creditors a/c dr. to discount received a/c ?

1397

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in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?

5015

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What is the networth percentage observe by banks

1998

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What are the criteria for accounting job?

1867

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What are bills receivable?

996

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how to get a job in stock markets for MBA-FINANCE?

2013

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I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary

1784

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