Expenses incurred for acquiring fixed assets.
Revenue expenditure
Capital expenditure
Normal expenditure
Operating costs
Which is true?
Income = Revenue - Expense
Income = expense - revenue
Income = Revenue - loss
Income = revenue + expense
Assets acquired with the intention of converting into cash.
Fixed assets
Current assets
Intangible assets
Wasting assets
The excess of revenues of a period over its related expenses during the accounting year.
Assets acquired relatively for long periods.
Which stock is the amount of stock at the beginning of accounting period?
Opening stock
Closing stock
Stock in hand
Finished goods
Stock on hand is the amount of goods which are lying unsold as at the end of an accounting period is called:
Semi finished goods
Which is a measure of something on hand- goods, spares and other items in a business?
Wages
