IGCSE · Accountancy · Chapter 9

Ch 9 Capital and Revenue Expenditure and Receipts: complete notes

Neat, exam-ready notebook-style notes for Ch 9 Capital and Revenue Expenditure and Receipts, following the Cambridge IGCSE 0452 syllabus. This chapter is part of the complete IGCSE Accounting 0452 Complete Notes: All 22 Chapters with Full Layouts and Mark Schemes (Cambridge 2027–2029).

Free preview: Ch 9 Capital and Revenue Expenditure and Receipts notes

A quick look at the chapter from our IGCSE Accountancy notes. The full chapter notes have the detailed explanations, diagrams and practice questions with answers.

Topics in this chapter

1. 4.1 Capital and revenue expenditure
2. The cost of a non-current asset
3. Capital and revenue receipts
4. Accounting for capital and revenue expenditure
5. The effect of incorrect treatment

“I can” checklist: what you must be able to do

• define capital and revenue expenditure
• classify items, incl. repair vs improvement
• calculate the cost of a non-current asset
• record capital and revenue expenditure in the ledger
• define and classify capital and revenue receipts
• state the effect of an error on profit
• state the effect of an error on asset values
• prepare a statement of corrected profit
• calculate corrected non-current assets
• explain why the distinction matters

What is inside the full chapter notes

• Concept notes, classification tables, model layouts (non-current asset and expense accounts, statement of corrected profit), 8 worked examples
• Exam skills for Paper 2; common mistakes from the examiner report
• 20 Paper 1 style multiple-choice questions, explained
• Two Paper 2 style questions (20 marks each) with full mark schemes and answer layouts
• Quick-reference table, "I can" checklist

See real pages (free sample)

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What you get in the pack

• All 22 chapters of the Cambridge IGCSE Accounting 0452 syllabus (exams 2027–2029): the accounting equation, double entry, business documents, books of prime entry, the trial balance, correction of errors, bank reconciliation, control accounts, depreciation, accruals and prepayments, irrecoverable debts, inventory, financial statements of sole traders, partnerships, limited companies, manufacturers and clubs, incomplete records, ratios and accounting concepts
• Every syllabus statement covered in order, with clear notes and complete accounting layouts drawn for these notes
• Worked examples with full layouts, exam skills and key definitions in every chapter
• Common mistakes taken from Cambridge examiner reports, so you know where marks are lost
• 20 Paper 1 style MCQs per chapter with answers and explanations
• Original exam-style questions in the style of Paper 1 (multiple choice) and Paper 2 (structured written paper), with full mark schemes (no past-paper reprints)
• Quick-reference sheet and an "I can" checklist at the end of every chapter
• Colour PDF and a black and white copy of every chapter for printing
• Independent notes; not endorsed by or affiliated with Cambridge University Press & Assessment

All chapters in this pack

1. Ch 1 The Purpose of Accounting and the Accounting Equation
2. Ch 2 The Double Entry System of Book-keeping
3. Ch 3 Business Documents
4. Ch 4 Books of Prime Entry
5. Ch 5 The Trial Balance
6. Ch 6 Correction of Errors
7. Ch 7 Bank Reconciliation
8. Ch 8 Control Accounts
9. Ch 9 Capital and Revenue Expenditure and Receipts
10. Ch 10 Depreciation and Disposal of Non-current Assets
11. Ch 11 Other Payables and Other Receivables
12. Ch 12 Irrecoverable Debts and Allowance for Irrecoverable Debts
13. Ch 13 Valuation of Inventory
14. Ch 14 Financial Statements of Sole Traders
15. Ch 15 Partnerships
16. Ch 16 Limited Companies
17. Ch 17 Manufacturing Accounts
18. Ch 18 Clubs and Societies
19. Ch 19 Incomplete Records
20. Ch 20 Accounting Ratios: Calculation and Interpretation
21. Ch 21 Inter-business Comparison, Interested Parties and Limitations
22. Ch 22 Accounting Concepts, Ethics, Technology and Sustainability