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متابعة

How to deal with revenue and expenses

expenses in previous years according to international standards

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تم إضافة السؤال من قبل Arif ali farei Al Aghbari , Financial Manager , taiz
تاريخ النشر: 2013/05/11
Muhammad Asif Jajja
من قبل Muhammad Asif Jajja , Accountant , Pakistan Veterinary Medical Council

Revenues are" increase in economic benefit during an accounting period in the form of inflows or enhancements of assets, or decrease of liabilities that result in increases in equity.
However, it does not include the contributions made by the equity participants, i.e., proprietor, partners and shareholders.
Expenses are: decrease in economic benefits during an accounting period in the form of outflows, or depletion of assets or incurrence of liabilities that result in decrease in equity.

Arif ali farei Al Aghbari
من قبل Arif ali farei Al Aghbari , Financial Manager , taiz

Beautiful words, but we are talking about how the calibrator in the international order and address of expenditure and income, and accounting entries