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?
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.
CAclubindia
