cap exp
This query is : Resolved
Sravani Sureddy
(Querist)
23 March 2010
what is the treatment of capital expenditure while it is accounting and how it should be dealt over a number of years in profit and loss account?
M Prabhakar Menon
(Expert)
23 March 2010
All income/expenditure are either capital or revenue in nature depending on the type of businees. Revenue income/expenditure determines the net profit/loss. Capital income/expenditure determines the liabilities/assets of the business.Depreciation provides a link between the two.
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