Capital And Revenue Expenditures Flashcards by Keeley Smylie | Brainscape

Q

What is the meaning of capital expenditure

A

Expenditure on the purchase, alteration or improvement of NCAs

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Q

What is the meaning of revenue expenditure

A

Expenditure on running costs (expenses in the income statement)

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Q

What is the meaning of capital income

A

Income arising from the sale of NCA

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Q

What is the meaning of revenue expenditure

A

Sales revenue from providing goods or services and other additional income

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Q

List the 5 types of capital expenditure

A

Legal costs
Installation of NCA
Delivery of NCA
Improvement of NCA
Basic cost of NCA

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