Auditing - Classification of Revenue and Capital Expenditures

Authors

• Narayana Rao

Published

Creative Commons Attribution 3.0 License

Version 2

Last edited: 15 Nov 2008

Exported: 26 Nov 2011

Original URL: http://knol.google.com/k/-/-/2utb2lsm2k7a/472

The auditor should first acquaint himself with the nature of the business of his client organization to make a right decision regarding classification of expenditures into revenue and capital.

 

Only expenditure which will benefit future years should be capitalized.

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http://knol.google.com/k/narayana-rao/auditing-classification-of-revenue-and/2utb2lsm2k7a/472

Narayana Rao - 10 Nov 2011