Posted on September 25th, 2009 by
kclim in
Fundamental Accounting Principles
Revenue expenditure is recorded as expenses in Income Statement. Examples of revenue expenditure are office rentals, utilities such as water & electricity, printing & stationery & etc.. Revenue expenditure also includes those incurred to maintain t...
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Tagged As: double entry of revenue expenditure, examples of revenue expenditure, revenue expenditure
Posted on September 24th, 2009 by
kclim in
Fundamental Accounting Principles
When a business entity spends money (or purchase on credit) to acquire goods or services, a decision need to be made as to the purpose and nature of the expenditure. The questions asked include something along these lines:- What did I pay for? Is the thing tha...
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Tagged As: capital expenditure, examples of capital expenditure, examples of revenue expenditure, revenue expenditure
