What is difference between Expense and Expenditure ?
Please explain in detail..
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Answer / divyansh
Expense is an Any amount paid for Good n services. Example,
Electricity Bills etc. Expanditure is any amount paid for
increase in assets of business. Like Raw material For
business, Furniture for Business and so on .
The benefit derived from incurring a expenditure may not be
limited to the period concerned where as the benefits
derived from a expense are consumed in the same period
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / guest
If an asset is acquired during the year,it is expenditure
but if it is consumed during the same year it is expense.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / hussain
for the purpose of work paid to labor transport power bills etc are called expense
for the purpose of established office use like tables, fans ,a/c etc are called expenditure
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / r.ganesh
expense: it consumes the asset value (depreciation)
Expenditure: it creates the value for asset like repairs and maintenance to machinery
| Is This Answer Correct ? | 0 Yes | 0 No |
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