Question

give the format of receipt and expenditure on capital account of railway company ​

Answer 1

Answer:

Hope this helps you...

Answer 2

Answer:

Capital expenditures are expenditures that we make to acquire or bring into operation an asset, to expand or improve a fixed asset, or to substantially replace an existing fixed asset.

Explanation:

It is prepared in the form of a statement and is similar to the Income Account in the sense that all income expenses and income are recorded here. This statement includes the gross receipts and expenses, as well as the net receipts of each of the sections, together with the enterprise as a whole, including amounts connected with the operations of: railways, omnibuses, steamers and canals, docks and harbors, hotels, etc., and other business, if carried on by the company.

It is similar to the capital account used in the case of electricity supply companies. The principle is the same.

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