Mr. Arslan Sabir by Educational-Supervisor Gr9-12 Commerce-subjects https://padlet.com/educomm/q4ol6wf8cc9laavc Examining receipts and Expenditures en-us 2021-02-04 06:20:01 UTC 2025-05-05 19:09:26 UTC hello@padlet.com Mr. Arslan educomm https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162145740 Evaluate the difference between capital expenditure and revenue expenditure]]> 2021-02-04 06:21:29 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162145740 Meera aaisp009555 https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162146677 capital expenditure is used to obtain fixed assets for business and it can be extended for more than a year.

Revenue expenditure is spent to run business daily routine and its account is only for one year. ]]> 2021-02-04 06:21:55 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162146677 Sara Mohammed https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162148804 Capital expenditures : is often used to undertake new projects or investments by a company.
revenue expenditure : cost that is charged to expense as soon as the cost is incurred . ]]> 2021-02-04 06:22:48 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162148804 basma https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162150631 Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period

Revenue expenditures are the ongoing operating expenses, which are short-term expenses used to run the daily business operations.

]]> 2021-02-04 06:23:38 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162150631 Nora https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162157665 Capital expenditures:Money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.

Revenue expenditures: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.

Difference between them:Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period. Revenue expenditures are the ongoing operating expenses, which are short-term expenses used to run the daily business operations.

Nora:]]> 2021-02-04 06:26:31 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162157665 Hasna aaisp016727 https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162159053 Capital Expenditures are when large assets are purchased and be utilized for a long period of time.

Revenue Expenditures are short term expenses used every day for business procedures]]> 2021-02-04 06:27:04 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162159053 Sara Faisal https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162165875 Capital expenditure or capital expense is the money an organization or corporate entity spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land.
Revenue expenditures are short-term expenses used in the current period or typically within one year. They include expenses required to meet the ongoing operational costs of running a business.

I forgot to fill one in :(]]> 2021-02-04 06:29:40 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162165875 Asma Abdulla - 9D https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162208210 2021-02-04 06:45:56 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162208210 Meera aaisp009555 https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162211060 2021-02-04 06:47:04 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162211060 Aysha https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162230414 2021-02-04 06:54:06 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1162230414 Munazzah https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185578153 Inventory valuation is an accounting practice that is followed by companies to find out the value of unsold inventory stock at the time they are preparing their financial statements. Inventory stock is an asset for an organization, and to record it in the balance sheet, it needs to have a financial value.

]]> 2021-02-10 04:36:39 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185578153 Hasna aaisp016727 https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185578692 Inventory Valuation is the cash related to the goods in the inventory for the accounting period.]]> 2021-02-10 04:36:55 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185578692 Mr. Arslan educomm https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185579935 inventory valuation= lower the cost or net realizable value 

cost= value at which you bought or made the product or material 

Net Realisable value=  sale 
or sales - selling expenses 

unsold stock / units = 1000
 cost price = $ 10 per unit 
NRV / Selling price =  $ 12 per unit 

inventory = 1000 *10= $10,000

working of the given question:-
 cost 28
NRV= Sales - selling expense 
32 - 5= 27 ]]> 2021-02-10 04:37:33 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185579935 Sara Faisal https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185580202 An inventory valuation permits an organization to offer a financial benefit for things that make up their stock. This is done at the end of every year to determine if there's a profit or loss.]]> 2021-02-10 04:37:40 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185580202 Sara Mohammed https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185582203 Inventory valuation is the monetary amount associated with the goods in the inventory at the end of an accounting period. ]]> 2021-02-10 04:38:42 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185582203 Nora https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185583654 Inventory valuation is the cost associated with an entity's inventory at the end of a reporting period. It forms a key part of the cost of goods sold calculation, and can also be used as collateral for loans.]]> 2021-02-10 04:39:26 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185583654 https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185583826 2021-02-10 04:39:32 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185583826 Asma Abdulla - 9D https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185583893 An inventory valuation allows a company to provide a monetary value for items that make up their inventory.]]> 2021-02-10 04:39:33 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185583893 basma https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185584068
Inventory valuation
Inventory valuation is an accounting practice that is followed by companies to find out the value of unsold inventory stock at the time they are preparing their financial statements. Inventory stock is an asset for an organization, and to record it in the balance sheet, it needs to have a financial value

]]> 2021-02-10 04:39:39 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1185584068 Hasna aaisp016727 https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190733533 2021-02-11 06:17:17 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190733533 meera aaisp009555 https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190738686 Relevance requires that accounting information is capable of affecting decisions made by its users. This relates to timeliness, comparability, and understandability. 

Reliability refers to complete information that is free from errors. Verifiability and credibility are important issues here.]]> 2021-02-11 06:19:43 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190738686 Mr. Arslan educomm https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190776559 examine relevance and  reliability of accounting information


]]> 2021-02-11 06:36:38 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190776559 Asma Abdulla . https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190781664 Reliability : Information is considered reliable if it can be checked, verified, and reviewed with objective evidence.
Relevance  : To be relevant, information must be timely and it must have predictive value or feedback value or both.]]> 2021-02-11 06:38:57 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190781664 Sara Mohammed https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190781979 reliability :  a measure of the accuracy and repeatability of the data.]]> 2021-02-11 06:39:06 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190781979 Hasna aaisp016727 https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190784479 Relevance: The avoidable costs that are incurred only when making specific business decisions.
Reliability:
Compatibility: The means of measure to compare the performance between businesses with the accounting information ]]> 2021-02-11 06:40:11 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190784479 Munazzah https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190785238 Relevance refers to how helpful the information is for financial decision-making processes. For accounting information to be relevant

The reliability principle aims to ensure that all transactions, events, and business activities presented in the financial statements is reliable. Information is considered reliable if it can be checked, verified, and reviewed with objective evidence


Comparability is a level of accounting information that allows the financial statements of multiple organizations to be compared to each other


]]> 2021-02-11 06:40:32 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190785238 basma https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190786578 2021-02-11 06:41:03 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190786578 Nora https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190789258 Reliability is an essential characteristic for accounting information to be useful for decision making. Reliability represents the extent to which the information is unbiased, free from error.

Relevance is the concept that the information generated by an accounting system should impact the decision-making of someone perusing the information.]]> 2021-02-11 06:42:17 UTC https://padlet.com/educomm/q4ol6wf8cc9laavc/wish/1190789258