Revenue expenditure: Difference between revisions
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imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Add links & alternative name - source - Abcam plc AR 2016 - p23.) |
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1. ''Financial reporting'' | 1. ''Financial reporting.'' | ||
Expenditure that is charged against profits in the current financial reporting period, rather than being capitalised. | Expenditure that is charged against profits in the current financial reporting period, rather than being capitalised. | ||
Sometimes known as ''revenue costs.'' | |||
2. ''Tax'' | |||
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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* [[Expenditure]] | * [[Expenditure]] | ||
* [[Opex]] | * [[Opex]] | ||
* [[Revenue]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 20:49, 29 October 2021
1. Financial reporting.
Expenditure that is charged against profits in the current financial reporting period, rather than being capitalised.
Sometimes known as revenue costs.
2. Tax.
Expenditure incurred in the course of trade that is treated as an allowable deduction in arriving at taxable profit.
