A question in Kaplan is treating it as revenue expenditure:
Blank taxi receipts printed with Bilbo Baggins' business name and number.
Should not it be treated as Capital expenditure, professor?
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Expenditures
4y ago#1No, it is revenue expenditure.
Capital expenditure is expenditure on non-current assets. Receipts are certainly not non-current assets - they will be used up whenever they give them to customers.
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