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Business Finance and Arithmetic — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipBusiness Finance and Arithmetic3 Marks
Question
What do you mean by Non Cash Expenses?
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Answer

When items are used with longer life in business (furniture, machinery etc), a part of its original value is computed as the cost for a given period - say a month, year etc. This is known as depreciation. However, money is not paid for - depreciation‖ So depreciation is not a cash outflow. It is a non-cash expenditure.

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