Revenue and Capital Expenditure Revenue and Capital expenditure are slightly different. Revenue expenditure is money that is spent on items that are only going to be used once‚ such as printer paper‚ stock‚ repairs‚ petrol etc. These items would go under expenses in the profit and loss account and would be included as part of revenue in balance sheet. Capital Expenditure is money spent by a business on items that are going to be used more than one time‚ for example machinery‚ buildings and
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complex accounting issues effectively and efficiently. Specifically‚ students will be able to: Understand the application of the guidance in ASC 605-25‚ as amended by ASU 2009-13‚ to complex multiple-deliverable arrangements. Understand the application of the guidance in SAB Topic 13. A p p l i c a b l e P r of essi on a l P r onou n c e m e n ts ASC 605-25‚ Revenue Re cogni t ion : Mul t ipl e- E l ement A r r angements (ASC 605-25) (formerly EITF Issue No. 00-21‚ Revenue Arrangements With
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Exercise 4-2 Books of Alvin‚ Managing Partner Feb. 12 Joint Venture 10‚000 Cash 10‚000 14 Joint Venture 2‚000 Larry 2‚000 15 Cash 9‚000 Larry 7‚500 Joint Venture 16‚500 20 Cash 3‚000 Joint Venture 3‚000 20 Joint Venture 7‚500 Income from Joint Venture 4‚287.50 Larry 3‚212.50 10% commission on net purchases
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Marginal revenue‚ marginal cost‚ total cost and profit-maximizing are some of the concepts that are analyzed when making business production decisions. Marginal revenue is the total revenue that is changed when one more unit of output is produced. The total revenue is determined by multiplying the unit price by what quantity the company can sell. The total revenue increases when the first unit is purchased and equals the marginal revenue. When the second unit is produced‚ the total revenue will
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and financial statements of the Patton-Fuller financial information. This paper will summarize the relationship between revenue sources and expenses and explain the effect of revenue sources on financial reporting and reviewing the annual reports of 2008-2009‚ and the differences between the audited and the unaudited statements‚ as well as determine how the hospital’s revenues and expenses are grouped for planning and control. How did the audited and unaudited financial statements differ? After
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The main sources of revenue in a hotel are through sales in rooms‚ restaurants and bars. Identify and evaluate other possible sources of revenue. ‘One of the fundamental business concepts is that a company is in business to make money’ (Hales‚ 15:2005). Revenue is the monetary amount that customers pay to receive a product or service and is the first aspect considered when conducting financial analysis as it starts the cash flow process of a company (Hales and Van Hoof‚ 2010). Moyer et al (1995)
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The history of Land Administration dates back to the olden days of kings and Kingdoms. The Land Revenue was the major source of revenue for the kings. The present system of preparing and maintaining land records originated from the Moghul period and it reached its scientific form during the British rule. During the British times the Revenue Department was the pivot of Administration. The Board of Revenue that wielded extraordinary powers administered it. The Collector was the virtual monarch at the
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THE INTERNAL REVENUE ALLOTMENT OF THE MUNICIPALITY OF CAINTA‚ RIZAL SUBMITTED BY: DELA PEÑA‚ DOROTHY ANN DESTRIZA‚ LYRA JANE MAGUNDAYAO‚ TRICIA JANE PS1122 OCTOBER 21‚ 2014 The Municipality of Cainta which was founded in 1571 is located in the Province of Rizal in Region 4-A or so called CALABARZON (which stands as Cavite‚ Laguna‚ Batangas‚ Rizal and Quezon). The municipality is considered as a first-class urban municipality in the Province of Rizal with a land area of 26.81 km2 which was
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Home ALLOCATION OF REVENUE (FEDERATION ACCOUNT‚ ETC.) ACT ARRANGEMENT OF SECTIONS SECTION 1. Distribution of the Federation Accounts‚ etc. 1 Formula for distribution between the Federal and State Governments. 1 Formula for distribution between Local Government Councils. 1 Proportion of revenue to be paid by each State to Joint Local Government Account. 1 Allocations under special Funds. 1 Establishment of Federation Account Allocation Committee and functions. 1 Establishment of Joint
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Prime Minister Gillard established an independent Expert Panel to “to investigate how to give effect to constitutional recognition of Aboriginal and Torres Strait Islander peoples.” Two schools of thought have dominated the national conversation of how this should be achieved. One view is that an amendment to the preamble of the constitution will provide safe and symbolic recognition. The alternative view is that more substantive reform is required to secure equality before the law. On January 16
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