Accountancy, asked by chiragmittal4556, 1 year ago

Definition of capital expenditure and revenue expenditure

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Answered by sonalpatwal54
0

Answer:

money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment is known as capital expenditure.

A revenue expenditure is a cost that is charged to expense as soon as the cost is incurred. ... Maintaining a revenue generating asset. This includes repair and maintenance expenses, because they are incurred to support current operations, and do not extend the life of an asset or improve it.

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