Define Capital Expenditure

Question 1

Define capital expenditure

Answer 1

In the purchase of or improvement of non current assets

Question 2

Define revenue expenditure

Answer 2

Is the day to day running costs of the business

Question 3

Define capital income

Answer 3

Is income from the sale of capital assets of the business

Question 4

Define revenue income

Answer 4

Is income generated from the sale of goods or services