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| 1. |
Difference between capital and revenue expenses |
| Answer» The expenses incurred in acquiring a Fixed\xa0Asset or improving the capacity of an existing asset, resulting in the extension in its life years is known as the Capital Expenditure like Furniture, Building etc. On the other hand,\xa0the Expenses incurred in day to day activities of the business are known as revenue expenditure like salaries, rent etc. | |