Definitions [2]
Definition: Expenditure
Expenditure is the money a business spends to receive something in return, like goods, services, or assets.
Define Capital receipts.
- Capital receipts result from the sale of a capital asset and refer to amounts received from proprietors in the form of capital or loans.
- Capital receipts are an item on the balance sheet, not the profit and loss account.
Important Questions [1]
Concepts [5]
- Basic Terms in Accounting
- Expenditure and Its Types
- Distinction Between Capital and Revenue Receipts
- Meaning of Capital Loss and Revenue Loss
- Meaning of Capital Profit and Revenue Profit
