Interested to Buy Any Domain ? << Click Here >> for more details...
Is there any difference between Expenses and Payments
- 4 Answers
- 18703 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / satyaki_raju@yahoo.com
Mr Shyam your answer lacks clarity.
Expenses and Payments are to be understood as different
entities
Expenses-Money spent or costs incurred which are deductable
from revenue
Payments-These are the amounts that have paid out.They may
relates to purchase of tradable goods,purchase of
assets,clearing of previous dues,loans to staff etc
| Is This Answer Correct ? | 38 Yes | 1 No |
Answer / shyam
Expenses means it is including that transaction for which no
payment is made means either payment is made or not, it is
not a matter, but payment means only that value which
already paid for some transaction.
| Is This Answer Correct ? | 15 Yes | 7 No |
Answer / tanvir
Expenses is deducted from revenue. payment is some value
paid agisnt expesnses, liability, advances and fixed assets etc
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / satyanarayana.j
Expenses is an expenses. Money can reduce & the word can
use little bit amounts. we should not get any assets,
liability.
Payments:- it means we can get some assets, liabilities
against the payments. we can loss revenue but the same cost
or more asset we should get against payments.
| Is This Answer Correct ? | 3 Yes | 3 No |
What is the Full Form of ACCOUNT ?
what are thw diferrences between a cash book & a petty cash book?
What is RTGS system and when it was formulated and who?
what is the finallizition account
helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.
bad debts means
what are the type of t.d.s. entries ?
what is the journal entry? goods purchased by ram on credit for 1000 which includes vat rs.100 in it
Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
0 Answers Heritage River Journeys,
what is journel entry
What is dishonor check?
Difference between Oracle financial consultant and Oracle financial Implementation
Audit 
