Week 4 Reflections

Michelle M. Schwarze Distinguish between revenue and crownwork use of goods and servicess and the entries associated with each. When it comes to revenue and chief city expenditures they ar slightly distinguishable. Revenue expenditure is money that is worn-out(a) on items that are altogether discharge to be hold once, such as printer paper, stock, repairs, petrol, etc. These items would go down the stairs expenses in the profit and loss account and would be imply as part of revenue in balance shred. whence the capital expenditure is money spent by a business on items that are button to be use more than one time, for example machinery, buildings and vehicles. These would go under expenses in the profit and loss account. In the balance sheet they would go under assets (fixed) and the cost of them would go down as a short term liability. When looking at the two of these contrasting expendi tures I was able to tell the difference for you are going to take in the revenue as things that are only utilise once and the money we shake off on these vitrine of items we invite to make sure that it is worth the money for only creation able to use them one time. The capital expenditure you are going to induct your money worth, so if you dumbfound to spend a little more than it is worth it in my eyes.

order among accounts devoteable, notes payable, and accrued expenses. In this week we learned somethings to the highest degree the different types of coalitions and what the accounts payable, notes payable, and the accrued expenses. Here we inges t learned about what bonds do and what is g! oing to do better for you if get the bond at premium or discounted prices. I deal that by and by reading about the liabilities and the other payables we have to work with it was enigmatic for me for a while. Seeing that we need to pay off the accounts payable in a short effect of time and intimate that it is found on the balance sheet under the purpose current liabilities, helped me a little. Then you have the notes...If you want to get a full essay, order it on our website: OrderEssay.net

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