Revenue expenditure: Difference between revisions
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''Tax.'' | 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. | 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 == | ||
* [[Capital expenditure]] | |||
* [[Capitalise]] | |||
* [[Expenditure]] | * [[Expenditure]] | ||
* [[Expense]] | |||
* [[Opex]] | |||
* [[Revenue]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 22:15, 14 July 2022
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.
