First off, i kinda screwed up when we discussed the assignment today. Got few errors this and that, but alhamdulillah i got it all covered up. Big apology to my roommate because he copied my assignment. After all, people do make mistake right?
After the discussion, we learnt about Capital Expenditure and Revenue Expenditure which cover chapter 6. Easy to say, Capital Expenditure is an expenditure that the company has to spend on an asset only once and it affect the company efficiency and capacity, for example cost of upgrading machinery to increase production capacity.
While Revenue Expenditure is an expenditure that the company has to spend again and again just to maintain the efficiency and capacity of the asset. For example, cost of petrol to make sure the car works.
Well that's covered up chapter 6. Like 'orang kampung' said easy-peasy. Hahaha!! So guys don't forget to like my blog, subscribe and stay tune. Bye bye for now! ^___^
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