Register now or log in to join your professional community.
Hello. With a wide selection of products at affordable prices, Quince is the perfect place to find stylish and practical items. Regardless of the buyer's needs, most likely among their assortment there will be a product that will suit him, and at the same time the quality of the product will be excellent. For those who have never made purchases in this online store, you should read here https://quince.pissedconsumer.com/customer-service.html and perhaps you will become their regular customer.
PURCHASING FURNITURE IS CAPITAL EXPENDITURE
Purchasing is a sense, if purchasing is made for getting revenue by reselling than it is revenue expense otherwise it will be capital expenses.
Deponds on purpose of purchase if it is purchased for resale purpose then it is revenue expindture if it is purchased for offical use etc then it will be capital expindture..
Depends:
-if it will be used as asset and used by entity then it will be Capital Expenditure.
-if it was purchased in order to be sell it , then it is a Revenue Expenditure.
if company is seling it so it's considered as revenue expenditure because he will get benefit but if it's for establishing company and to be used by staff so it's capital expenditure
