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What is capital expenditure and revenue …

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What is capital expenditure and revenue expenditure

 

    • Posted by Abhishek Dora 9 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Manish Gandhi 9 years, 1 month ago

    An expenditure which neither creates assets nor reduces liability is called Revenue Expenditure, e.g., salaries of employees, interest payment on past debt, subsidies, pension, etc.

    An expenditure which either creates an asset (e.g., school building) or reduces liability (e.g., repayment of loan) is called capital expenditure.

     

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