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Capital expenditure and revenue expenditure
Accountancy
The benefit from the expense is spread for not more than one year is Capital expenditure or Revenue expenditure
Answers (6)
Thread Starter
Devi sri KCould you state with reason
Capital exp means benefit arising out of such exp will come for more than one accounting period
Krishnan K
Capital exp means benefit arising out of such exp will come for more than one accounting period
Here benefit is expiring within one accounting period So it is revenue expenditure