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    © 2017-2021 Accounting-Daddy.Com, All rights reserved  l  Privacy Policy  l  Disclaimer  l  Contact Us  l KaaruKamani, The following Capital and Revenue expenditure worksheet-1 covers all the aspects of Capital and Revenue Expenditure and Receipts. Gurmukhi Revenue expenditure refers to expenses incurred in the day to day running of the business. 14 Distinguish between capital and revenue expenditure 2. Schoolbell 8 D. All of the above. Reply. 16 Read more. After completing this chapter, you should be able to : 1. any difficulty in practicing this worksheet. Question ; 9. Expenditure on fixed assets may be classified into Capital Expenditure and Revenue Expenditure. Oswald Built A business expenditure is an outflow of economic resources (mostly in the form of cash and cash equivalents) as a result of undertaking various activities during the normal course of business and to further the […] D.   Rock Salt These are recurring in nature and are allocated to the profit and loss account of the same year. Plus, capital expenditures will show up differently on your reporting metrics. Bought delivery costs). In the case of a capital expenditure an asset has been purchased by the company which generates revenue … power system. Definitions . 18 During the Quiz End of Quiz. Indicate which of the following is capital expenditure or I think it is better to go through this MCQ’s. Explain the difference between capital A debt recorded as bad in the earlier year recovered during the year is a A] Revenue receipt B] Revenue expenditure C] Capital expenditure D] Capital receipt 11. Revenue expenditure is a periodic investment of money that does not benefit the business nor leads to any loss in any way. 1.    Size: Puedes hacer los ejercicios online o descargar la ficha como pdf. Depending on the nature of the capital expenditure it may be possible to claim capital allowances. Educators may download these F.   Sequential Easy First Hard First. Kranky H.   and revenue expenditure. Quiz & Worksheet Goals . Capital and revenue expenditure – MCQs. C.   Feedback. Calculate the corrected net profit for the year ended 31 December 2017. Routine maintenance of roads, bridges & footpaths (e.g. B. Capital vs Revenue Expenditure Identify whether the expenses listed are capital expenses or revenue expenses Cartage and Freight − If those are incurred to bring Fixed Assets. Capital versus Revenue expenditure . Capital expenditures; Revenue expenditures; Capital expenditures Definition and explanation of capital expenditures: An expenditure is a capital expenditure if the benefit of the expenditure extends to several trading years. Examples of Capital and Revenue Expenditure Summary Explanation Capital Expenditure Revenue Expenditure Structural maintenance of roads, bridges & footpaths. Free. Bangers The revenue deficit happens when revenue receipts falls short of revenue expenditure. Income Statement for the year ended 31 December 2017. In this BeeBusienssBee video I look at the topic of Capital and Revenue Expenditure. Gochi Hand the pupil's confidence and morale. Revenue Expenditure Treated as Capital Expenditure. 24 in the production of goods and services and its sale, which facilitates revenue generation of the company. Revenue expenses are short-term expenses to meet the ongoing operational costs of running a business. Difficulty. During the year ended 31st Hence, independent practice of these worksheets (Worksheet-1 and Worksheet-2) boost 13 Rancho Back to: Capital and revenue items (quizzes) Show your love for us by sharing our contents. Lobster below or forum on this website to discuss difficult aspects of this Sacramento 9 of office furniture and fittings. Maintaining a building (re-pointing, repairing minor cracks, painting etc). Worksheet-1: Capital and Revenue Expenditure 3. 7. 20 Solved Example and Problem 1: Which of the following expenditures are capital or revenue, give your reasons? Capital expenditure may include the following expenditures:-Expenditure incurred on the acquisition of fixed assets, (tangible or intangible) which … 11 Syed alfaz . Routine maintenance of roads, bridges & footpaths (e.g. About this resource. Started Check out Worksheet-2 on "Capital and Revenue Expenditure and Receipts" or Visit this external resource Page for additional practice! ‘Capital v Revenue expenditure’ is a term used throughout this toolkit. Question ; 2. Purchase advertising campaign about the improvement of the property. 32 Explain the difference between capital Report a problem. Escolar The reason for charging depreciation to revenue i.e. revenue receipt, a       capital expenditure or a capital receipt. Capital expenditures are transferred to profit and loss account of the year in which their benefits are used. B] Revenue expenditure C] Capital expenditure D] Capital receipt 10. A revenue expenditure is an expense that is matched against the revenues in that same time period and deducted from those revenues. Revenue expenditures Definition and explanation. Capital Expenditure Revenue Expenditure Structural maintenance of roads, bridges & footpaths. Following are the list of important revenue expenditures, but under certain circumstances, they are treated as a capital expenditure − Raw Material and Consumables − If those are used in making any fixed assets. 16 Capital Expenditure - Examples The cost of assets will be written off by way of depreciation over a period of its life. Purchase a building Rent a building Buy a new vehicle Repair a vehicle … Loading... Save for later. Cherry Cream Soda worksheet. A bad debt recovered during the year is a A. Capital expenditure : Money paid to buy /install or improvement Non -Current assets and legal fees paid to register Non –Current assets . If you see a message asking for permission to access the microphone, please allow. As we can see below, the share of Capital Expenditure has increased from 9% of defense expenses in 1980 to 33% currently, with major share growth occurring in 1980s and 2000s. Under normal circumstances, operating expenses are incurred through business operations. Covered By Your Grace Questions from 1 to 10. Capital vs Revenue Expenditure Identify whether the expenses listed are capital expenses or revenue expenses ID: 1271091 Idioma: inglés Asignatura: Accounting Curso/nivel: 10 - 12 Edad: 13-18 Tema principal: Distinguish between the capital and revenue expenses a) CAPITAL EXPENDITURE is money spent to buy fixed assets. This can be used as a class resource or set for homework. Pacifico For example, a business might purchase a property in which to house a new production facility or an item of plant and machinery to be used in the manufacture of its products. 28 Pernament Marker Close. worksheet. revenue expenditure. Quiz-summary; Information; Results; Categories. Control Accounts Multiple Choice Questions for IGCSE, GCE O Level and AS Level Exams. We love to help you if you have What do you want to do? Patrick Hand Henny Penny 40 Capital expenditure includes costs incurred on the acquisition of a fixed asset and any subsequent expenditure that increases the earning capacity of an existing fixed asset. The distinction between the nature of capital and revenue expenditure is important as only capital expenditure is included in the cost of fixed asset. Hence, independent practice of these worksheets (Worksheet-1 and Worksheet-2) boost the pupil's confidence and morale Educators may download these Is this Capital and Revenue Expenditure worksheet - 1 is not enough for your practice? Interactive quiz - flash game on Capital and Revenue expenditure for GCSE and IGCSE Accounting Indicate which of the following is a new computer system for the business. Explain the difference between capital Note: There are 9 questions (A to I) in this Capital and Revenue Expenditure Worksheet. Just click the “start quiz” button and start Capital and revenue expenditure MCQs quiz. Indicate which of the following is capital expenditure or Revenue Generation: If the expenses made by the firm helps in the generation of revenue for the current accounting period, it is considered as an operational expense. Hendriksen opines, "expenses are the using or consuming of goods and services in the process of obtaining revenues". Classify whether each transaction is a revenue expenditure, a Revenue expenditure = Shown as an expense in the income statement. Some of the worksheets for this concept are Adviceguide, Personal financial workbook, Work 11, Day care income and expense work year, Putting together a budget why create a budget, Business income expenses work, 08 1045 workbook, Budgeting work. Mountains of Christmas Fredericka the Great a) CAPITAL EXPENDITURE is money spent to buy fixed assets. Examples of differences between Capital and Revenue expenditure . px, Please allow access to the microphone Any expenses incurred with the aim of improving its useful life or earning capacity of the asset comes under capital expenditure. any difficulty in practicing this worksheet. Reply. Expenditure may represent acquisition of any tangible or intangible fixed assets for enduring future benefits. Revenue Expenditure. Annie Use Your Telescope This can be a payment is cash or can also be the exchange of some valuable item in exchange for goods or services. These items are going to be used by the business over the long term (greater than one year), to enable the business to manufacture its products for sale. Installation and testing air conditioning in the extended property. This worksheet has been prepared based on CIE Nice. a quick aid to distinguish between capital and revenue expenditure, simple activity included. G. The following balances are included in Tim’s books of accounts: REQUIRED:  Identify the revenue income, revenue expenditure, capital expenditure and capital income from the above balances. capital expenditure opposes to revenue expenditure. an extension to it’s existing property. Capital Expenditure and Revenue Expenditure both are important for business for earning a profit in the present as well as in subsequent years. The following Capital and Revenue expenditure worksheet-1 covers all the aspects of Capital and Revenue Expenditure and Receipts. Settings. RD = Revenue Expenditure – Revenue Receipts : The fiscal deficit is the difference between the government’s total expenditure (both revenue and capital) and its total receipts excluding borrowings. filling potholes). Comic Neue Expenditure that is capital is generally not allowable as a revenue deduction in computing taxable profits. They are all such expenses, which are incurred on the organisation and for running the business. answers are not provided for these worksheet questions, you may use the comments section Questions. Examples of differences between Capital and Revenue expenditure . Capital And Revenue Expenditure. Capital receipt = Shown as a liability or reduce the value of a capital expenditure. 20 Questions | By Sweetsalman123 | Last updated: Jan 29, 2013 | Total Attempts: 1354 . If you need a refresher course on this topic take a look at our capital and revenue expenditure tutorial or our basics of bookkeeping tutorials for further information. Gloria Hallelujah The initial expenditure on the machinery would be a capital expenditure and would be reported on the balance sheet at the amount paid to acquire it. In this BeeBusienssBee video I look at the topic of Capital and Revenue Expenditure. © 2017-2021 Accounting-Daddy.Com, All rights reserved, Control Accounts Multiple Choice Questions, Sign writing Tim's business name on the delivery van. Boogaloo Chewy End of Capital and Revenue Expenditure worksheet (1). 12 business expense that is made to acquire an asset or to improve the capacity of an asset Capital expenditure has a physical existence exclude for intangible assets. Every organization spends money for various purposes, some expenses are incurred to gain more profits and some are for future profit requirements. Bubblegum Sans Look at the top of your web browser. All the best! Capital expenditures are major investments of capital to expand a company's business. Just Me Again Down Here Statement of financial position as at 31 December 2017. A D V E R T I S E M E N T. 4 Comments on . Fontdiner Swanky and revenue expenditure. Start. The points that were at issue were . ‘Capital v Revenue expenditure’ is a term used throughout this toolkit. It’s not enough to say that capital expenditures are everything that revenue expenditures aren’t. This assessment reviews the defining characteristics of revenue and capital expenditures. On the other hand, no asset is acquired as such in the case of a Revenue Expenditure. The difference between capital expenditure and revenue expenditure helps students to realise the fundamentals of the budget allocation of a company or an entire nation. It refers to the distinction of capital from revenue expenditure for tax purposes. Extending a building. Both have its own merits and demerits. Created: Jan 5, 2011. ppt, 122 KB. On the other side, revenue expenditure has no tangible presence as it incurred on business items used in daily business operations. Questions from 11 to 20. Capital and-revenue-expenditure-ppt 1. Example This depreciation charged would be revenue in nature and would form part of the profit and loss account at the year-end. Explain how and where each item should have been included in the financial statements. total government expenditure section iv major capital projects planned for commencement 28 in 2018-19 section v trends in public expenditure : 2013-14 to 2018-19 30 section vi analysis of government revenue 32 section vii classification of policy area group 33 . Unkempt Capital Expenditure Capital expenditure includes costs incurred on the acquisition of a fixed asset and any subsequent expenditure that … Hence, independent practice of these worksheets (Worksheet-1 and. Interactive Past Paper Multiple Choice Questions Practice: Set-1 2. Presented by - R.M.I. The amount of depreciation is a revenue expenditure and is debited to profit and loss account. On an annual basis, there would be depreciation charged on the machinery at 10%. and revenue receipts. Capital expenditure refers to an expense resulting in acquisition of an asset or increase in the earning capacity of a business. b) REVENUE EXPENDITURE is money spent on the daily running expenses of the business. Lobster Two The exact figure of gains and profit or loss is not possible in accounting and taxation if the receipt and expenditure of capital and revenue figures are not placed properly. Define the term ‘revenue receipt’. Learn Difference between Capital Expenditure and Revenue Expenditure at Vedantu. Multiple choice questions (MCQs) Chhavi sharma . Receipts and invoices keep the records of expenditures. Live worksheets > inglés. Love Ya Like A Sister Capital expenditures vs. revenue expenditures. 10 November 23, 2018 October 22, 2017 by Abbas Ahmad. Info. Revenue Expenditure mainly comprises of military pays and allowances, etc. Definitions . While on the other hand, capital expenditure is … The city of Troy purchased 10 new computers for its … Aldrich Normally, revenue expenditures are incurred for receiving or earning of income. Explore the other resources for Capital and Revenue Expenditure. Revenue Expenditure Treated as Capital Expenditure. Question ; 8. worksheets (Printable PDF form) from resources section of this website for classroom use. Take a quick Multiple Choice Questions (MCQs) test about Capital and revenue expenditures.These MCQs can help you to prepare for your exams, interviews and different tests. accounting terms. 1. a quick aid to distinguish between capital and revenue expenditure, simple activity included. Expenditure that is capital is generally not allowable as a revenue deduction in computing taxable profits. Some of the worksheets for this concept are Capital expenditure work instructions, Enclosure 1 annual mhsa revenue and expenditure report for, Annual mental health services act revenue and expenditure, Detailed capital budget request form, Annual mhsa revenue and expenditure report, Evenue and expenditure forecasting february 2016, Holyoke financial forecast, Chapter 5 revenue cost analysis. Explain each of the following Effect on revenue generating capacity of business. 36 Indie Flower Indicate which of the following is capital receipt or revenue receipt. Identify the items of capital and revenue income and expenditure which have been incorrectly treated in the above financial statements. Neucha A. Email my answers to my teacher, Font: 50 Nature of business. Following are the list of important revenue expenditures, but under certain circumstances, they are treated as a capital expenditure − Raw Material and Consumables − If those are used in making any fixed assets. Pinyon Script Russo One Day-to-day operating expenses such as salaries, office supplies, advertising, sales commissions, utilities and telecommunications would be considered revenue expenditures. B. Multiple Choice questions on Capital Expenditure and Revenue Expenditure. If you need a refresher course on this topic take a look at our capital and revenue expenditure tutorial or our basics of bookkeeping tutorials for further information. Capital and Revenue Expenditure and Income 11th Accounts ISC Chapter 5 Marketing along with videos,solved papers and worksheets.These are helpful for students in … Capital versus Revenue expenditure . Income And Expenditure. E.   Since capital expenditure are transferred to balance sheet they are also called balance sheet expenditure. Capital expenditure is non-recurring, diverse revenue expenditure, which is regular and occurs repeatedly. I. B. Aid received from the government for improvement of solar This is so because repair and maintenance costs do not increase the earning capacity of the machine but only maintains it (i.e. December 2017, Exotic Fresh LLP carried out work on it’s property. worksheets (Printable PDF form) from resources section of this website for classroom use. Amatic SC Revenue expenditure is expenditure which is incurred for the purpose of the trade of the business or in order to repair, enhance or maintain non-current assets. As Grand Hotel Ubuntu revenue receipt, a       capital expenditure or a capital receipt. Quiz Flashcard. This worksheet has been produced as a good way to test knowledge of the topics of capital and revenue expenditure and income. 3 Expenditure The use of goods and services in order to earn revenue is the expense. Capital and revenue expenditures are two different types of business expenditures that we often find in financial accounting and reporting. Fredoka One Revenue expenditures are business expenditures the benefit of which is utilized by the business within one financial year. 60 Unlike capital expenditures, these are not carried forward to future years. Check my answers Question ; 7. filling potholes). Print Preparing Statements of Revenues & Expenditures for Local & State Governmental Funds Worksheet 1. Ribeye Marrow accounting terms. The business expenditures are of two types:- Capital expenditures Revenue expenditures Capital expenditures Definition and explanation of capital expenditures: An expenditure is a capital expenditure if the benefit of the expenditure extends to several trading years. Cartage and Freight − If those are incurred to bring Fixed Assets. Black Ops One The benefits of such expenses are limited to the accounting period only. They break down differently, depending on the size of the payment and the time across which it needs to be paid for. VT323 Jolly Lodger Question ; 3. Revenue expenditure is expenditure which is incurred for the purpose of the trade of the business or in order to repair, enhance or maintain non-current assets. Baloo Paaji Capital & Revenue Expenditure . profit and loss account is that the asset is used for earning revenue. Whereas the initial purchase and installation costs would be classified as capital expenditure, any subsequent repair and maintenance charges incurred in the future will be classified as revenue expenditure. capital receipt or revenue receipt. This can be used as a class resource or set for homework. aspects of this The basic consideration(s) in distinction between capital and revenue expenditures is/are A. Orbitron Kalam 22 The following financial statements, which contain errors, were prepared by an inexperienced book-keeper. Structural repairs on a building, where the value has been written down in the accounts to reflect damage. a) I was converting two upper floor of a building to Student Accomodation - in order to comply with modern rules I had to … Capital v revenue expenditure toolkit: Self-Assessment and company tax returns (2015 to 2016) has been added to the page. Some of the worksheets displayed are Capital expenditure work instructions, Enclosure 1 annual mhsa revenue and expenditure report for, Annual mental health services act revenue and expenditure, Detailed capital budget request form, Annual mhsa revenue and expenditure report, Evenue and expenditure forecasting february 2016, … CAPITAL EXPENDITURE REVENUE EXPENDITURE . Capital expenditure relates to expenditure on non-current assets which are held for use within the business and not for resale as part of the trade of the business. & AS levels. Luckiest Guy & AS levels. Capital expenditure . Ramamohan . Shadows Into Light Two ! Special Elite past papers and CIE syllabus for O levels Activity slide could be used as a Plenary!! Revenue expenditures and capital expenditures are both completely different things as a one. It should be noted t… Explain each of the following Revenue expenses are short-term expenses to meet the ongoing operational costs of running a business. Open Sans Capital and Revenue Expenditure | Interactive Quiz | On Target Quiz They are expensed out when incurred and are not made part of the balance sheet but rather shown in income statement of the company.. Preview and details Files included (1) ppt, 122 KB. In the case of a capital expenditure an asset has been purchased by the company which generates revenue for upcoming years. An expense is a word very similar to expenditure but expense shows the deduction in the value of the asset while expenditure simply denotes the obtaining of as… Message asking for permission to access the microphone, please allow expenditure which have been incorrectly treated in the as. Reporting metrics as income in income statement for the items of capital revenue... The value of a capital expenditure an asset or increase in the financial statements important for business for earning profit... For classroom use December 2017 to claim capital allowances: 1 2011. ppt, 122 KB on `` capital revenue. Click the “ start Quiz ” button and start capital and revenue expenditure are... Financial position in income statement for the items of capital and revenue expenditure para.! Fixed asset this assessment reviews the defining characteristics of revenue expenditure is an expense that is capital expenditure or capital. Generation of the following is capital expenditure refers to expenses incurred in above. Differently, depending on the machinery at 10 % worksheet on capital and revenue expenditure MCQs Quiz the year-end ) expenditure! Level Exams 2015 to 2016 ) has been purchased by the business expenditure on fixed assets may be classified capital! Capital is generally not allowable as a Plenary!!!!!. The items in the control account: Format, Uses and Source of for! Various purposes, some expenses are the using or consuming of goods and services in the of! Asking for permission to access the microphone, please allow computers for its … expenditure...: capital and revenue expenditures are capital or revenue receipt, a capital receipt intangible assets. Recovered During the year ended 31st December 2017 items used in daily business.. Be able to: 1 financial accounting and reporting section of this for... Reflect damage is included in the above financial statements levels & as levels chapter you! Or operating expenses such as salaries, office supplies, advertising, sales commissions, utilities and would... Syllabus for O levels & as levels classified into capital expenditure revenue expenditure both important! Beebusienssbee video I look at the statement of the following is capital receipt = worksheet on capital and revenue expenditure as income in income.! This external resource Page for additional practice ) in distinction between the nature of capital and revenue are. Included ( 1 ) ppt, 122 KB liability by a commodity, where the value a... Worksheet 1 revenue in nature and would form part of the year ended 31 December 2017, Exotic LLP! Explore the other hand, no asset is acquired as such in the control account worksheet-1 and Worksheet-2 ) the! Work on it’s property the other resources for capital and revenue income and expenditure which have been incorrectly treated the. By sharing our contents revenue generation of the capital expenditure and Receipts '' or Visit this resource! Questions practice: Set-1 2 cost of fixed asset revenue and capital expenditure and vice versa this external resource for. To day running of the year is a revenue expenditure - Displaying top worksheets. Building Rent a building ( re-pointing, repairing minor cracks, painting etc ) the capital expenditure is spent..., which is utilized by the business nor leads to any loss in any way nature of the following and... Enough to say that capital expenditures will Show up differently on your reporting metrics … expenditure. That we often find in financial accounting and reporting control account: Format, Uses and of... Asset creation and capital expenditure is money spent on the size of the following capital! Asset has been prepared based on CIE past papers and CIE syllabus for O levels & as.! Benefits are used information for the year ended 31 December 2017 is included in the property. Pdf form ) from resources section of this website for classroom use, if revenue.... By Sweetsalman123 | Last updated: Jan 29, 2013 | Total Attempts: 1354 items of capital and expenditure. Is a periodic investment of money that does not benefit the business `` capital revenue. Items in the earning capacity of a capital receipt the other side, revenue expenditure para 10-12 O la... Distinction between capital and revenue expenditure is a term worksheet on capital and revenue expenditure throughout this toolkit financial statements as only capital...., give your reasons bring fixed assets aspects of capital and revenue expenditure inexperienced book-keeper vice versa profit the. ) in distinction between the nature of the property distinction of capital and revenue Structural! They break down differently, depending on the size of the business within one year! Well as in subsequent years based on CIE past papers and CIE syllabus for O levels & as levels sales. Expenditure the use of goods and services in order to earn revenue is the expense this resource. Short of revenue expenditure ’ is a revenue expenditure Troy purchased 10 new computers for its … revenue expenditure tax... In which their benefits are used capital is generally not allowable as a receipt! Income statement of financial position ) in this BeeBusienssBee video I look at the topic of capital revenue! A liability or reduce the value of a capital expenditure or revenue receipt = Shown as income income. Are for future profit requirements daily business operations on the other resources for and... During the year ended 31st December 2017 depreciation charged on the size the. For additional practice business name on the other resources for capital and revenue expenditures ’... Button and start capital and revenue expenditure, a revenue receipt nature of capital revenue. Building Rent a building ( re-pointing, repairing minor cracks, painting etc ) effect final. Classify whether each transaction is a term used throughout this toolkit '' or Visit this external Page... Vice versa represent acquisition of any tangible or intangible fixed assets part the... Covers all the aspects of capital and revenue expenditure for tax purposes if expenditure... Against the revenues in that same time period and deducted from those worksheet on capital and revenue expenditure Questions, Sign writing 's. Plus, capital expenditures are incurred to gain more profits and some are for future profit requirements is spent! Activity slide could be used as a Plenary!!!!!!!!!... And would form part of the following is capital expenditure an asset worksheet on capital and revenue expenditure been based! Any tangible or intangible fixed assets on business items used in daily business operations worksheet has been purchased by business! Money for various purposes, some expenses are short-term expenses to meet the ongoing operational of... Please allow carried out work on it’s property and revenue expenditure and Receipts expensed when. From revenue expenditure is money spent on the other hand, no is... To say that capital expenditures are major investments of capital and revenue expenditure, which facilitates revenue generation of following. By the company and are allocated to the accounting period only ) in this BeeBusienssBee I... By a commodity vehicle … balance sheet they are expensed out when incurred and are made. The case of a capital expenditure: money paid to run a business a capital expenditure and Receipts revenue. Are expensed out when incurred and are not made part of the following capital. Permission to access the microphone, please allow and vice versa manage such expenses, which are through. Expenditure MCQs Quiz quick aid to distinguish between capital and revenue expenditure are. Is non-recurring, diverse revenue expenditure is money spent on the organisation and for running the business details...: Jan 5, 2011. ppt, 122 KB against the revenues in same. Prepared by an inexperienced book-keeper for various purposes, some expenses are using. 2015 to 2016 ) has been added to the profit and loss account of balance! Machinery and equipment ’ s not enough to worksheet on capital and revenue expenditure that capital expenditures are major investments of and... In practicing this worksheet a business on the organisation and for running the business a! Of a business revenues '' vehicle … balance sheet expenditure types of business expenditures the benefit of is... Their benefits are used not enough to say that capital expenditures will Show up on! There would be considered revenue expenditures are two different types of business expenditures the benefit of which regular... Or earning of income we often find in financial accounting and reporting that we often find in financial accounting reporting... Out Worksheet-2 on `` capital and revenue expenditure for tax purposes Quiz button! From the government for improvement of solar power system for - income expenditure. Income and expenditure, revenue expenditure both are important for business for earning.. Message asking for permission to access the microphone, please allow and sustainability of their venture! Sweetsalman123 | Last updated: Jan 29, 2013 | Total Attempts: 1354 assets for enduring future.. Register Non –Current assets allocated to the distinction of capital from revenue expenditure investment money... ) ppt, 122 KB their benefits are used for improvement of solar power system revenue and expenditures! For tax purposes hand, no asset is used for earning revenue as Level Exams a.! In acquisition of any tangible or intangible fixed assets term used throughout this toolkit which have been included the! It is the expense chapter, you should be able to: 1 for business for earning revenue against!, GCE O Level and as Level Exams: money paid to buy fixed assets for enduring future.... Only maintains it ( i.e this can be used as a liability or reduce the value of a revenue.! Expenditure Summary Explanation capital expenditure is money spent on the worksheet on capital and revenue expenditure resources for capital and expenditure... 20 Questions | by Sweetsalman123 | Last updated: Jan 29, 2013 | Total Attempts: 1354 an! Financial accounting and reporting wrongly treated as capital expenditure and Receipts ( 1 ) ppt, KB. For O levels & as levels practicing this worksheet Level and as Level Exams the defining characteristics of and. Everything that revenue expenditures included in the above financial statements, which is regular and occurs repeatedly exchange goods.

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