Question

Describe three types of expenditure with examples?
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Answer 1

Expenditure increases the value of assets or reduces a liability. The three types of expenditure that a business can incur include capital expenditure, revenue expenditure, and deferred revenue expenditure. Capital expenditure is a one-time cost, the benefit of which is expected to be spread over multiple years.

Answer 2

Answer:

Hello...

Explanation:

The three types of expenditure that a business can incur include capital expenditure, revenue expenditure, and deferred revenue expenditure. Capital expenditure is a one-time cost, the benefit of which is expected to be spread over multiple years.

An example of an expenditure is the money spent on office equipment that you have purchased.

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