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Hello sir,
What is Subsequent Expenditure?and can u give me some examples?
And on the other hand, what is a Non Current Asset Register?
‘subsequent’ simply means ‘later’.
For example, there may be inventory at the end of the year that is damaged and needs subsequent expediture to repair it. So it will need expenditure on it later.Non-current asset register is a book listing all the non-current assets (and their costs and depreciation). It is not part of the double entry but some businesses keep on just so that they can keep a check on all of their non-current assets.
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