Accountancy, asked by gauravpanda65, 5 months ago

explain the meaning of expense and expenditure income and revenue​

Answers

Answered by isharawar2674
1

Answer:

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Explanation:

The expenses a firm incurs each day to maintain its daily business activities are revenue expenditure. Capital expenditure constitutes those expenses that are typically incurred while acquiring capital assets or upgrading the current ones. Duration. Revenue expenditure is made during the short-term.

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