Re: ::: vuaskari.com ::: MGT101_GDB idea Admin Binish Awais

Dear Binish
Can you explain that how car for personal use is revenue expenditure although its effect is for more than one year.
Thank you.
Nizakat Ali Khan

On Wed, Nov 2, 2011 at 2:13 AM, Admin Binish <greyferry@gmail.com> wrote:

MGT101_GDB idea 

Admin Binish Awais

www.vuaskari.com

Capital Expenditure are those who creat an asset that helps in generating future income and its life is more than 12 months.

in the above scenario capital expenditures are:  

1-building 

2-office furniture and fixtures

Revenue Expenditure are day to day expenses whoes benefits are drawn immediately these are actually cost of resources consumed.

in the above scenario revenue expenditiures are:

1-a car for his personal

2-Salaries have also been paid during the year2011

--

Admin Vuaskari 

    Binish Awais 

www.vuaskari.com

--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en

--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en