Lavanya Purefood Interview Questions and Answers

Capital expenditure is for long-term assets, while revenue expenditure is for day-to-day expenses.

• Capital expenditure is for acquiring or improving long-term assets, such as buildings or equipment.

• Revenue expenditure is for day-to-day expenses like salaries, rent, and utilities.

• Capital expenditure is usually non-recurring and adds value to the business over time.

• Revenue expenditure is recurring and is necessary to keep the business running smoothly.

• Capital expenditure is typi...read more

Atos is a global leader in digital transformation, providing IT services and consulting.

• Atos is a multinational IT services corporation based in France

• They specialize in digital transformation, cybersecurity, cloud services, and high-performance computing

• Atos has a strong presence in various industries including healthcare, finance, and manufacturing

Golden rules of accounting are basic principles that guide the process of recording financial transactions.

• The three golden rules of accounting are: Debit what comes in, Credit what goes out, and Debit the receiver, Credit the giver.

• These rules help ensure that financial transactions are accurately recorded and balanced.

• For example, when a company receives cash from a customer, it would debit the cash account (what comes in) and credit the accounts receivable account (what go...read more

Revenue expenditure refers to the costs incurred by a business to maintain its operations and generate revenue in the short term.

• Includes expenses for raw materials, utilities, salaries, rent, and repairs

• These costs are deducted from revenue in the same accounting period

• Helps in generating immediate benefits for the business

• Contrast with capital expenditure which involves long-term investments

Capital expenditure refers to funds used by a company to acquire, upgrade, or maintain physical assets such as property, buildings, or equipment.

• Capital expenditure is a long-term investment in the company's infrastructure or assets.

• It is not considered a regular operating expense, but rather an investment in the company's future growth.

• Examples include purchasing new equipment, building a new facility, or upgrading technology systems.

• Capital expenditure is typically recorded...read more