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What is Capital Expenditure?

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Question

What is capital expenditure?

Short/Brief Note
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Solution 1

Capital expenditure is the government expenditure which reduces the liability of the government and also creates assets for the government such as domestic or multinational corporation shares purchased by the government.

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Solution 2

It is an expenditure incurred during an accounting period, the benefits of which will be available for more than one accounting period. It includes any expenditure resulting in the acquisition of any fixed asset or contributes to the revenue earning capacity of the business. It is non-recurring in nature.

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Chapter 11: Capital and Revenue Transactions - Very short answer questions [Page 236]

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Samacheer Kalvi Accountancy [English] Class 11 TN Board
Chapter 11 Capital and Revenue Transactions
Very short answer questions | Q II 2. | Page 236

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