What are the main tests of distinguish between capital expenditure and revenue expenditure? In the light of the above tests, would you allow as revenue expenditure the amount spent by a bank in opening new branches?

1. Commerce classes
Welcome Everyone
Prof Raman Dhiman

2. Income tax
chapter 3

3. Introduction
to My Class
CAPITAL AND REVENUE

4. What are the main distinguish a
capital expenditure from a revenue
expenditure? In the light of the
above tests, would you allow as
revenue expenditure the amount
spent by bank in opening new
branch.

7. Revenue expenditures :- Are short-term
expenses used in the current period or
typically within one year. Revenue
expenditures include the expenses required
to meet the ongoing operational costs of
running a business, and thus are essentially
the same as operating expenses
(OPEX).evenue loss

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