Capital and revenue expenditure

An amount of money spent.

• income

• balance

• expenditure

Expenditure can be Capital and Revenue.

• True

• False

A resource that is owned by a business.

• expenditure

• asset

• revenue

Used to buy current assets which are used in less than 1 year.

• revenue

• capital

They include raw materials and energy costs.

• revenue

• capital

Machinery, vehicles and property are

examples of ______ expenditures.

• revenue

• capital

The money spent on assets that will be used for more than one year.

• revenue

• capital

Assets that will be used for more than 1 year are called____

• current

• fixed