The out flow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as:

Question

Quizplus · Accepted Answer

Capital Expenditure refers to the funds used by a business to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment. This type of expenditure is made to enhance the capacity or efficiency of the company for more than one accounting period.

The Out Flow of Funds to Acquire an Asset That