1. ______ expenditure means an expenditure.
a) Capital b) Reserve c) Deferred d) Outstanding
Answers
I think soo the answer is outstanding
➡The question is incomplete.....!
Capital income → Capital income is income received from non-regular (one-off) transactions. The main example is the income generated from the sale of non-current assets. Other examples are loans received by the business and capital invested in the business by the owner or owners of the business.
Reserve income → Reserves – also known as retained earnings – are portions of a business's profits which have been set aside to strengthen the business's financial position. Reserves are often used to purchase fixed assets; to repay debts; or to fund expansions, bonuses, and dividend repayments.
Deferred income → Deferred income is, in accrual accounting, money received for goods or services which has not yet been earned. According to the revenue recognition principle, it is recorded as a liability until delivery is made, at which time it is converted into revenue.
Outstanding income → Outstanding income means that amount of income which is due and receivable but not yet received. There is a legal right to receive it immediately form the other party. Accrued income means that amount which has been earned is not get due.