Businesses need to know the difference between capital and revenue expenditure, as this will have an impact on the way that tax and other finances are reported and handled.
In short, capital expenditure is an amount spent to acquire or improve long-term assets, while revenue expenditure is amount that is spent immediately in relation to specific revenue transactions or operating periods.
Confused?
Watch our free video to find out more.
Our multi award-winning tax advisers at Salhan Accountants have created a helpful free video to explain how you can get to grips with the differences between capital and revenue expenditure.
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