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Summary Unit 3: Personal and Business Finance - Types of expenditure £5.89   Add to cart
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  3. PEARSON (PEARSON)
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  5. Business 2016 NQF
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  7. Unit 3 - Personal and Business Finance

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Summary Unit 3: Personal and Business Finance - Types of expenditure
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Revision document into the different types of business expenditure from bank charges to wages to insurance and interest, tangible, goodwill and more covered. Presented in a simple and easy to read format to help with revision in business unit 3 for this topic area.

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  • July 13, 2024
  • 4
  • 2023/2024
  • Summary

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Types of expenditure:



Capital expenditure – used to buy capital items, which are assets that will stay in the
business for a long period of time. Capital items are non-current (long term) and intangible
assets.



Revenue expenditure – spending on items on a day to day regular basis. These are the
expenses incurred by a business that are shown on the profit and loss account (aka a
statement of comprehensive income) The types of cost incurred vary from business to
business.



Capital = land, buildings and premises, machinery and equipment, vehicles, fixtures and
fittings, goodwill, patents, trademarks, brand names



Revenue = heating and lighting, water, discount allowed, inventory/stock, rent, bank
charges, interest paid



Tangible = land, buildings and premises, machinery and equipment, vehicles, fixtures and
fittings



Intangible = goodwill, patents, trademarks, brand names

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