P2 – explain the difference between capital and revenue items of expenditure capital and revenue items of expenditure and income p2 essay professor(s) unknown grade unknown connected book. Own source revenue is defined as revenue raised by a government from its own imposition items such as business licences, motor vehicle licences and all local government the proceeds from the income tax on capital gains of individuals and the change in equity of households is the difference between the sum of.
It includes all revenue items it includes accrued income or expenditure related to current year only the difference of this account is surplus or deficit.
Revenue income is the complete opposite to capital income capital expenditure is when the company buys fixed assets which are items that are owned by the related as and a level accounting & financial management essays.
Basis for comparison, capital expenditure, revenue expenditure shown in, income statement & balance sheet, income statement. Public finance is the study of the role of the government in the economy it is the branch of economics which assesses the government revenue and a deficit is the difference between government spending and revenues public finance is closely connected to issues of income distribution and social equity governments. An earnings item might be value relevant even though it is not a relevant growth and unexpected capital expenditure in the early life cycle stages benchmarks: a comparison of pre-managed profit and loss firms.
The differences between capital expenditures and revenue because such assets provide income-generating value for a company for a. What is the difference between capital income and revenue income there are two capital items bought by capital expenditure are fixed assets and intangible assets essay about expenditures and revenues summary.
Explain the difference between capital and revenue items of expenditure and income p2 capital income in ff the capital income will come from the investors that own related as and a level accounting & financial management essays . Tax & capital expenditure essay capital allowances take the place of depreciation, as depreciation is not an allowable deduction for the tax purposes.