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For the accounting purpose expenditures are classified in three types: Capital Expenditure, Revenue Expenditure, Deferred Revenue Expenditure
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Capital Expenditure is an amount incurred for acquiring the long term assets such as land, building, equipments
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Revenue Expenditure is the expenditure incurred in one accounting year and the benefits from which is also enjoyed in the same period only......
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Deferred Revenue Expenditure is revenue expenditure, incurred to receive benefits over a number of years say 3 or 5 years....
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