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In a nutshell Revenue expenditure is nothing but the regular cost incurred which assists the firm in smooth running the business ie.
Example for revenue expenditure. Expense This is the amount that is recorded as an offset to revenues or income on a companys income statement. A revenue expenditure is any expense item that appears summarized. The firm makes a substantial investment in certain activities like sales promotion activities the benefit for which will be incurred over the number of accounting periods but the expenditure is born in the same year.
This 3000 is a revenue expenditure since it will be reported on the monthly income statement thereby being matched with the months revenues. Repair and maintenance expenditure on fixed assets. Power required to run machine or motor.
For example take a quick look at this excerpt of Income Statement below to understand the accounting treatment of revenue expenditure better. Types of Expenditures in Accounting. Feature of Revenue Expenditure.
A All establishment and other expenses incurred in the normal course of business. Operating expenses of a business such as production selling administrative and finance cost. Lets assume that a company made a capital expenditure of 100000 to install a high efficiency machine.
To sustain its business operations. On the other hand revenue expenditure is that from which the organization derives benefit only for a period of one year and it only helps in maintaining the earning capacity of the business. Examples of overhead expenses include rent utilities office supplies and equipment postage taxes and salaries to name a few.
The new machine requires routine maintenance of 3000 each month. So this will be a revenue expenditure. For example the company has acquired office stationery.
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