Capital And Revenue Expenditure And Receipts
Gbogbo ọrọ náà
Every dollar a business spends does one of two jobs. Some money buys things the business will use for years to come, such as a delivery van, a shop fitting or a new machine. Other money simply keeps the doors open today: wages, electricity, the daily restocking of goods. Telling these two kinds of spending apart, and doing the same for money coming in, is one of the most important judgements an accountant makes, because it decides where each figure lands: in the income statement that measures this year's profit, or in the statement of financial position that values what the business owns.
In this lesson you will learn to separate capital expenditure from revenue expenditure, and capital receipts from revenue receipts, with everyday examples that make the rule stick. You will then see the part examiners love most: what actually goes wrong when an item is put in the wrong place. A single misclassified repair can overstate profit and overstate assets at the same time, and you will learn to calculate the exact size of that error.
Ebumnobi
- the distinction between capital expenditure and revenue expenditure.
- how to account for capital expenditure and revenue expenditure.
- the distinction between capital receipts and revenue receipts.
- how to account for capital receipts and revenue receipts.
- how to identify and calculate the effect on profit of incorrect treatment.
- how to identify and calculate the effect on asset valuations of incorrect treatment.
Akọmọ Ojú-ẹkọ
Ọ dị na ngwa Green Bridge
Budata ngwa Green Bridge CBT na ekwentị maọbụ kọmputa gị iji nweta akwụkwọ ndụmọdụ zuru oke, ajụjụ mmụta, na ndị ọzọ.
Ayẹwo Ẹkọ
Ekele diri gi maka imecha ihe karịrị na Capital And Revenue Expenditure And Receipts. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- Which of the following is capital expenditure? A. Paying wages to factory staff B. Buying fuel for the delivery vans C. Paying carriage to deliver a newly purchased machine D. Repairing a broken office window Answer: C
- Which of the following is a capital receipt? A. Cash received from selling goods B. Commission received from a client C. Rent received from a tenant D. A bank loan received by the business Answer: D
- Repairs to a machine were wrongly recorded as an improvement to the machine. What is the effect on the financial statements? A. Profit understated and non-current assets understated B. Profit overstated and non-current assets overstated C. Profit overstated and non-current assets understated D. Profit understated and non-current assets overstated Answer: B
- A business reported profit of $60 000. It then found that $4 000 of revenue expenditure had been treated as capital expenditure. What is the corrected profit? A. $56 000 B. $60 000 C. $64 000 D. $4 000 Answer: A
- Which item should NOT be entered in the income statement? A. Rent received B. The proceeds from selling a delivery van C. Sales of goods D. Commission received Answer: B
Ọ dị na ngwa Green Bridge
Budata ngwa Green Bridge CBT na ekwentị maọbụ kọmputa gị iji nweta akwụkwọ ndụmọdụ zuru oke, ajụjụ mmụta, na ndị ọzọ.
Ọ dị na ngwa Green Bridge
Budata ngwa Green Bridge CBT na ekwentị maọbụ kọmputa gị iji nweta akwụkwọ ndụmọdụ zuru oke, ajụjụ mmụta, na ndị ọzọ.
Àwọn Ìwé Tó Dáa Láti Kà
Meecha Ajụjụ Ule Ọmarịcha
Ị chọrọ ime ajụjụ ule ọmarịcha gbasara Capital And Revenue Expenditure And Receipts? Budata ngwa Green Bridge CBT iji nweta ajụjụ ule ọmarịcha na nyocha zuru ezu gbasara isiokwu a.
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