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General Accounting Discussions: expenditures

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  1.  
    • CommentAuthorjunaid
    • CommentTimeApr 2nd 2008
     
    what is capital expenditure and revenue expenditures?
    what is the purpose of cash flow statement?
    which accounts close and transfer at the end of financial years?
    difference between sales tax and income tax?
    is saletax is expense or liability?


    Best Regards,
    M.Junaid Khan
    Thankful People: bgw
  2.  
    The expenditures put on the purchase of any fixed asset are called capital expenditures and the expenditures relating to day to day are called revenue expenditures
  3.  
    why income from the disposal of any fixed asset is treating in profit and loss account even it is a capital receipt.
    What is the difference between capital income and capital receipt?

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