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Every business entity is required to maintain the accounts in a proper way as per rules applicable. Wrong classification of the expenditure and revenue may have a great impact on the financial position and the financial performance/results of the business entity. Let us learn in details how to distinguish between capital & revenue transactions. To make a correct assessment of the income of a business, it is necessary to understand the nature of a transaction. A business has to make a distinction between revenue and capital expenditure and income. This is done for the purpose of placing them in profit and loss A/c and in balance sheet.

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