Accounting For beginners Session 2….

Can you remember the concepts of accounting in the previous session!!!
THEN here are some questions from the accounting concepts


√ Name the main accounting concepts??
√ Briefly explain them???
√ Name the simple meaning of the words accounting concept???

Let us move on to the new lesson ….

Capital and revenue expenditure

So what’s capital expenditure?
It can be clearly defined as the expenditure incurred on buying or adding a value for the existing fixed asset.
For example :- Cara buys a Hippie Van for the distributions and promotion , so this is capital expenditure because this involves in buying or adding a value to fixed asset.

What is Revenue expenditure?

Revenue expenditure id the expenditure incurred day to day or running expenses of the business

For example: - Repairs for the Van purchased by Cara…..

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