Difference between Periodic and Perpetual Inventory System

Difference between Periodic and Perpetual Inventory System A periodic inventory system is an inventory system that records inventory levels at specific points in time. These points in time are usually at the end of accounting periods. Periodic systems use physical count audits, where employees actually count each and every item in the store to get an […]

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Difference between Capital And Revenue Expenditure

Difference between Capital And Revenue Expenditure Capital expenditure includes costs incurred on the acquisition of a fixed asset and any subsequent expenditure that increases the earning capacity of an existing fixed asset.The cost of acquisition not only includes the cost of purchases but also any additional costs incurred in bringing the fixed asset into its […]

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