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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Expenditures
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?
No, 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.