Revenue expenditure: Difference between revisions
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imported>Doug Williamson m (Spacing and category added 20/8/13) |
imported>Doug Williamson (Expand.) |
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''Tax.'' | 1. ''Financial reporting.'' | ||
Expenditure that is charged against profits in the current financial reporting period, rather than being capitalised. | |||
2. ''Tax.'' | |||
Expenditure incurred in the course of trade that is treated as an allowable deduction in arriving at taxable profit. | Expenditure incurred in the course of trade that is treated as an allowable deduction in arriving at taxable profit. | ||
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== See also == | == See also == | ||
* [[Capitalise]] | |||
* [[Expenditure]] | * [[Expenditure]] | ||
* [[Opex]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 15:06, 6 September 2016
1. Financial reporting.
Expenditure that is charged against profits in the current financial reporting period, rather than being capitalised.
2. Tax.
Expenditure incurred in the course of trade that is treated as an allowable deduction in arriving at taxable profit.
