Accounting

Journal Entry of Capital Expenditure and Revenue Expenditure in Accounting

Journal Entry of Capital Expenditure and Revenue Expenditure in Accounting Journal Entry of Capital Expenditure and Revenue Expenditure in Accounting Capital Expenditure Revenue Expenditure Expenditure incurred for acquiring assets, to increase earning the capacity of an existing asset that results in increasing its lifespan the expense incurred for maintaining the day-to-day operation activities of a …

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Journal entry of Advance received from Customer and advance paid to Supplier

Journal entry of Advance received from Customer and advance paid to Supplier Advance received form Customer  When Advance received from customers that is current liabilities as its our obligation for us to deliver goods and service in future. Before going further we have to understand what is Advance paid through the accounting rule of assets …

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