Expenses Flashcards
1
Q
What are indirect expenses?
A
Overheads
2
Q
What is capital expenditure?
A
The acquisition of non-current assets (fixed), improvement of NCA to increase revenues.
3
Q
What is revenue expenditure?
A
Acquisition of assets for conversion into cash (sales),day to day admin of the business. Charged to the P/L.
4
Q
What are direct expenses?
A
Royalty, Patent, Sub-contract.
