Which are the total amount of goods procured by a business on credit and on cash for sale?
Purchases
Sales
Purchase Return
Sales Return
Expenses incurred for acquiring fixed assets.
Revenue expenditure
Capital expenditure
Normal expenditure
Operating costs
The revenue expenditure is treated as:
Capital expenditure is treated as:
Assets
Liabilities
Expenses which do not result in the income earning capacity of the business.
Overlay expenditure
