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Capital Transactions: Important Terms
Capital Transactions: Important Terms
Capital Transactions: Important Terms
Transactions
In order to correctly determine the accounting
profit for a period the concept of capital and
revenue is of utmost importance. The bifurcation of
the transactions between capital and revenue is also
necessary for the recognition of business assets at
the end of the accounting or financial year.
Important Terms
1. Capital Transactions
6. Architects fee
4. Revenue Expenditure
s. Revenue Receipts
6. Capital Receipts