Explain what is Capital Expenditure?

Submitted by: Administrator
Capital Expenditure is an amount incurred for acquiring the long term assets such as land, building, equipments which are continually used for the purpose of earning revenue. These are not meant for sale. These costs are recorded in accounts namely Plant, Property, Equipment. Benefits from such expenditure are spread over several accounting years.
Submitted by:

Read Online Manager Finance Job Interview Questions And Answers