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Transaction

Rules for Determining Capital and Revenue Expenditure

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Rules for Determining Capital and Revenue Expenditure

Rules for Determining Capital Expenditure: If expenditure is incurred for the following purposes, it can be recognized as capital expenditure: The cost of purchasing fixed assets is capital expenditure. For …

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Concept of Capital and Revenue Transactions

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Concept of capital and revenue transactions

There are numerous transactions in the business every day. All transactions can be divided into two parts on the basis of utility. I.e. capital transactions and revenue transactions. Over the …

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What Is The Difference Between Event and Transaction?

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What Is The Difference Between Event and Transaction?

Today we will learn what is the difference between Event and Transaction? Transactions are created through events, but not all events can be called transactions. Before we understand the difference …

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Documents that are used for business transactions and their format

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What are the Sources of Business Transactions and Related Documents? In modern business, there are endless transactions happening every day. The transactions must be properly saved in order to determine …

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Accounting Transaction

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Accounting Transaction

In this article We will learn the following topics: Meaning or Definition of Transaction. Features of Transaction Every event is not a Transaction but Every transaction is an Event. Classification …

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