SOME COMPUTER STUFF ON C,JAVA,TALLY,BCA,SOLVED PAPERS

Goods v/s Assets Goods-The commodity in which we deal on regular basis . Assets -The commodity what we purchase for long term uses  Assets  Any person ,organization,commodity,article or any   factor which brings utility over the years and increases the profitability is termed as asset Example : building,plant and machinery,furniture,cash,debtors etc. Expenditure  EXPENDITURE IS THE OUTFLOW OF CASH  TYPES: REVENUE NATURED EXPENDITURE(EXPENSE) regular basis short term utility eg: purchase of raw material,salary,rent     2.   CAPITAL  NATURED EXPENDITURE(ASSETS) once/sometimes long term utility eg: purchase of building,plant &machinery,furniture