Question

Define expenditure account?​

Answer 1

Explanation:

an arrangement under which money spent in the course of business is later reimbursed by one's employer

Answer 2

Answer:

An Income and Expenditure Account is the detailed summary of every income and expense incurred by an organisation in a specific financial year. Prepared on an accrual basis, this account records every income and expense in a particular year, irrespective of whether they are clear or not.