Answer to Question #41857 in Other Management for jayashree

Question #41857
Distinguish between Revenue Expenditure and capital expenditure. How are they treated while preparing the final accounts? If by mistake the accountant of a firm treats a capital expenditure as revenue expenditure, how will it affect the final accounts of the firm? Give an example.
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Expert's answer
2014-05-06T09:14:35-0400
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