Distinguish between revenue budget and capital budget.

1.	Distinguish between revenue budget and capital budget.
Answer» Capital budget is PREPARED for the capital items , Income and EXPENDITURE on the capital assets . for example: plant & machinery , shares , furniture etc . it is for fixed assets. REVENUE budget is prepared for the revenue items, income and expenditure on the current assets . Asset which can be converted in cash in 1 YEAR . For example: stock, bill receivable etc .

Answer»

Capital budget is PREPARED for the capital items , Income and EXPENDITURE on the capital assets . for example: plant & machinery , shares , furniture etc . it is for fixed assets.

REVENUE budget is prepared for the revenue items, income and expenditure on the current assets . Asset which can be converted in cash in 1 YEAR . For example: stock, bill receivable etc .

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Distinguish between revenue budget and capital budget.

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