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Difference between capital and revenue expenses

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Difference between capital and revenue expenses

Posted by Ameen Mohd 6 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 6 years, 6 months ago

The expenses incurred in acquiring a Fixed Asset or improving the capacity of an existing asset, resulting in the extension in its life years is known as the Capital Expenditure like Furniture, Building etc. On the other hand, the Expenses incurred in day to day activities of the business are known as revenue expenditure like salaries, rent etc.

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