Explain capital and revenue items in nigeria

2020-03-30 07:23

Jul 26, 2018 Key Differences Between Capital and Revenue Expenditure. On the contrary, revenue expenditure occurs frequently. Capital expenditure is shown in the Balance Sheet, in asset side, and in the Income Statement (depreciation), but Revenue Expenditure is shown only in the Income Statement. Capital Expenditure is capitalized as opposed to Revenue Expenditure, which is not capitalized.Capital and Revenue Items: Capital and Revenue Receipts: When the business receives money it is again of two sorts. It my be a longterm receipt, a contribution by the owner, either to start the business off or to increase the funds available to it. It might be a mortgage or an which brings money into the business for a explain capital and revenue items in nigeria

Unit 5: P2difference between capital and revenue items of expenditure and income. Essay of 2 pages for the course unit 5 at Birkbeck College Preview 1 out of 2 pages

The proper allocation of capital items and revenue items are important for the fundamental principles of correct accounting. It is not easy to give a correct rule to allocate capital items and revenue items. In order to understand them, one should know the correct principles governing the allocation between capital and revenue. Nigeria, officially the Federal Republic of Nigeria, is a country in West Africa, bordering Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Its coast in the south is located on the Gulf of Guinea in the Atlantic Ocean. The federation comprises 36 states and 1 Federal Capital Territory, where the capital, Abuja, is located. The constitution defines Nigeria as a democratic secular state.explain capital and revenue items in nigeria Apr 19, 2015 Capital expenditure is when fixed assets are bought into the company, these are called capital items. Revenue expenditure is money being spend on items used on a regular basis such as buying stock to sell or paying staff payslips. Capital items bought by capital expenditure are fixed assets and intangible assets.