3. -Served as
foundations for
modern
institutions and
practices.
Ancient
Finance:
The
Slave
Societies
EXPENDITURES
WAGES TO PAID
WORKERS
INTEREST CAST OF
LOANS
Companies incur expenditure
to acquire assets and to run
their operations. It is
important to differentiate
between capital and revenue
expenditure and to maintain
an accurate record of both.
Characterized for defense
and aggression