Essay
BTEC Unit 5 Business Accounting P2 (Pass)
- Course
- Institution
- Book
BTEC Unit 5 Business Accounting P2 (Pass)
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
LBO MODELING EXAM FROM WALL STREET PREP EXAM 2024 WITH ACTUAL QUESTIONS AND COMPLETE 100% VERIFIED CORRECT AND WELL EXPLAINED ANSWERS WITH RATIONALES GRADED A+ BY EXPERTS LATEST VERSION 2024 WITH GUA...
-
WGU C213 OBJECT ASSESSMENT ACCOUNTING FOR DECISION MAKERS 2023/ 2024 EXAM WITH ACTUAL QUESTIONS AND COMPLETE 100%CORRECT ANSWERS WITH VERIFIED AND WELL EXPLAINED RATIONALES ALREADY GRADED A+ BY EXPERT...
-
NATIONAL PILATES CERTIFICATION EXAM WITH ACTUAL QUESTIONS AND COMPLETE 100%CORRECT ANSWERS WITH VERIFIED AND WELL EXPLAINED RATIONALES ALREADY GRADED A+ BY EXPERTS |LATEST VERSION 2024 WITH GUARANTEE...
Seller
Follow
HasnainButt
Reviews received
Content preview
P2:Explain the difference between capital and revenue items of
expenditure and income.
For this assignment I am going to explain the difference between
capital and revenue items of expenditure and income. I don`t have
chosen any company for this assignment because it is not asked.
Capital Income
Capital income is money which has been set aside by owners or
investors. This amount is used to start up the business and to buy
fixed assets (things that will stay inside the business for a medium-to-
long period Premises, Vehicles or Equipment). These items are
bought to be sold. But you can also sell these items when they not
longer a use for the company, although during that time some items
may decrease in value.
Capital Expenditure
Capital expenditure also known as capital spending are long term
investments to help a business achieve growth and thrive. It is usually
an amount spent to obtain or upgrade productive assets such as
premises, machinery and equipment. Capital expenditure is usually
incurred to increase the efficiency of a business in a certain period.
Revenue Income
Revenue income is the money which a business receives form trading
activities. Like any sales, whether from cash or credit transactions are
called revenue income. It can also be from dealings like rent or
commission received.
Revenue Expenditure
Revenue expenditure is about the costs a business makes on a day-
to-day basis. When companies make revenue expenditure, the
expenses provide directly benefits rather than the expenses on a long
term. Revenue expenditure includes things like; maintenance, wages,
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller HasnainButt. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.74. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53068 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now