Question

the concept of capital and revenue item exist in​

Answer 1

Answer:

When the items have long term effects on business more than a year it is called capital items and when the items have short term effects on the business these are called revenue items. ... The tax receipts are a prime example of revenue expenditure as they are recurring in nature.

Answer 2

Under order of the government, cost of making exit doors in a cinema hall is a..

capital expenditures or capital expense is the money a company spends to buy,maintain or improve its fixed assets , such as buildings vehicles....