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Difference between expenditure and expense?
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Answer / guest
Expense are MONIES expended on items on which no value
remains eg expenses on wages and salaries, etc while
expenditures are monies used for items of which some values
remains eg purchase of assets especiaaly.
| Is This Answer Correct ? | 20 Yes | 4 No |
Answer / ayan sarkar
EXPENSE is a single item cost....& EXPENDITURE is the sum
of all expense in an unit time.
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / rakesh kumar prasad
an expenditure is a payment for a benefit
received.expenditure is incurred to acquired assets and
amount spent to acquire those assets.
examples:-
cost of plant and machinery
depreciation on plant and machinery
rent
insurance, etc.
on the other hand expense is the amount spent in order to
produce and sell the good and services which produce the
revenue.
examples:-
salaries
wages, etc.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / vasudevan
expense tells about cost of item
expentiture tells total amount of expense
for example
the cost of car engine is expense
total amount of car is expenditure
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / subikssha
Expenses is the term used for
Purchase of single product which is shown in p&l a/c but expenditure is term used for purchase of assets or stocks in units
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / csshailendra
Expences are generally classified into two categaries
1:Capital , 2: Revenue.
Expences of revenue nature are generally of small amounts
and are charged to the P/L A/C.Whereas the Capital
Expenditure are huge in amounts and are usually
ammortizedand are shown in the B/s.
| Is This Answer Correct ? | 5 Yes | 8 No |
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