28 April 2009
An expenditure qualifies to be of capital nature when the benefits of the same occur in long term at least in more than one year. Of course the expenses should not pertain to the traded activity. All expenses yielding the benefit in the same year are under Revenue. All trade related exp come under this. See this links for more http://www.allbusiness.com/accounting/methods-standards/633155-1.html http://blog.accountingcoach.com/capital-expenditure-revenue-expenditure/ For more clarifications mail me at srini.ca@gmail.com
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