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Difference between expense and expenditure ?
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Answer / abhivirthi tax and industrial
Money or amount utilised for certain purchases or for utilisation of certain services from others or fares paid for travelling etc., is called expense.
Incurring such expenses or spending money for such activities is called expenditure.
Reply From:
ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT PRACTITIONER AND INDUSTRIAL CONSULTANT
H-63, Palaami Enclave, New Natham Road,
Madurai-625014.
Cell: 9994990599
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Answer / gokulakrishnan.d
Expenses is related to outflow of profit oriented organisation
Expenditure is related to outflow from non-profit organisatioon
| Is This Answer Correct ? | 2 Yes | 0 No |
Transport expense were reimbursed by the supplier Pass journal entry
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