Week 4 Reflections

Michelle M. Schwarze Distinguish between revenue and crownwork spendings and the entries associated with each. When it comes to revenue and crown expenditures they ar slightly distinguishable. Revenue expenditure is money that is worn-out(a) on items that are merely discharge to be lend oneself once, such(prenominal) as printer paper, stock, repairs, petrol, etc. These items would go down the steps expenses in the profit and loss account and would be include as part of revenue in balance public opinion poll. because the capital expenditure is money spent by a business on items that are breathing out to be lend oneself more than one time, for example machinery, buildings and vehicles. These would go under expenses in the profit and loss account. In the balance sheet they would go under assets (fixed) and the cost of them would go down as a short term liability. When looking at the two of th ese opposite expenditures I was able to tell the difference for you are going to fetch the revenue as things that are only utilise once and the money we shake off on these guinea pig of items we invite to make sure that it is worth the money for only creation able to use them one time. The capital expenditure you are going to induct your money worth, so if you book to spend a little more than it is worth it in my eyes.

order among accounts stomachable, notes payable, and accrued expenses. In this week we acquire somethings to the highest degree the different types of coalit ions and what the accounts payable, notes pa! yable, and the accrued expenses. Here we gull learned about what bonds do and what is going to do better for you if buy the bond at premium or discounted prices. I have it away that by and by reading about the liabilities and the other payables we have to work with it was enigmatic for me for a while. Seeing that we need to pay off the accounts payable in a short intent of time and intimate that it is found on the balance sheet under the purpose current liabilities, helped me a little. Then you have the notes...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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