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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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 …
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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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 …
Read moreDocuments that are used for business transactions and their format
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 …
