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Is there any difference between Expenses and Payments
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Answer Posted / 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 |
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