Revenue expenditure

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5 Terms

1
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Revenue expenditure

  • short term business expenses

  • Operating costs

  • Accounted on statement of comprehensive income (profit or loss account)

2
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What’s an example of a high operating cost business?

Ikea

3
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What’s an example of a low operating cost business?

Online business

4
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List all the revenue expenditures

  • inventory

  • Stock

  • Rates ( form of tax, goes towards bin men)

  • Rent

  • Heating/lighting (utilities bill)

  • Insurance (public/employee liability , if someone gets hurt, buildings)

  • Administration

  • Sales/Wages (pensions)

  • Marketing

  • Bank charges (business banking costs)

  • Interest payments (mortgage)

  • Depreciation (asset lost value)

  • Discounts allowed (expense to business giving discount)

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