1) Define capital expenditure and revenue expenditure
2) How do financial accounting and management accounting differs?
Long question
What are the three distinct types of business activities in which companies engage?
Assume that you start your own company to rent bicycle in summer.
Give an example of at least one of each of the three types of business activities in which you are engage.
What is the different group of users of accounting information?
Briefly describe the type of decision each group must make
How should a balance sheet be dated as of a particular day or for a particular period of time? Explain your answer.