Basics of Double Entry | Conjunto de Fichas

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Basics of double entry. Bookkeeping level 1, chapter 3.

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What are the two classifications of INCOME in double entry bookkeeping?

What is the definition of CAPITAL INCOME?

What is the definition of REVENUE INCOME?

What are the two classifications of EXPENDITURE in double entry bookkeeping?

What is the definition of CAPITAL EXPENDITURE?

What is the definition of REVENUE EXPENDITURE?

An example of business income and expenditure.