What is difference between Expense and Expenditure ?
Please explain in detail..
- 4 Answers
- 5412 Views
- Chevron, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
If closing stock is given in adjustments, how we show in tally 9.0 ?
What is the Difference Between Tally Software & SAP Software..?
14 Answers GTS, SSK, TATA,
if we have received the bill of telephone and electricity for the period 16th march to 15 april ,what will be the entry for the year ended 31st march '10?will there be any provision entry for this
hi all I am new here, I would like to ask one question. when a company (MNC) is following more than one accounting principle then what are the areas we need to change in sap.
Goods destroy by fire-journal entry?
How to maintain the reserve a/c inspite of the withdrawls in a propreitorship and ways to reduce the gap of excess current assets to the less current liabilities.
Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
difference between rent office rent
why the closing stock arises in the trading account of final accounts
what is windows dressing final accounts?,sales a/c belongs to which a/c type?
0 Answers Angel Broking, OPI Global,
Is tmb is nationalized bank?
Audit 
