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All you need to know about recurrent expenditure
RECURRENT EXPENDITURE is characterized by what anyone is willing to do so as to maintain assets. Getting to know and understand how it works makes the difference.
Mar 3, 2020
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Basic Accounting Terms (Part 3) – Receipts & Expenditure Explained by CA Devesh Thakur In accounting, money does not just flow into a business, it also flows out. But not all inflows and outflows are of the same nature. That is why we classify them into Receipts and Expenditure. Receipts: Money received by a business is called receipts. They are of two types: Revenue Receipts – Regular and recurring in nature. Example: Sales, commission, rent received. A shopkeeper selling goods worth ₹50,000 is
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