Explain Cost, Expenses and Expenditure.
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Cost is an investment made towards assets purchased for future benefits in business, while expense is spent on the ongoing business for revenue generation. Cost is a one-time payment in nature, while expense is a regular payment.The definition of an expenditure is the act of spending money or time and it is something on which you spend money.
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1. cost-require the payment of (a specified sum of money) before it can be acquired or done.
2. expenses-the cost incurred in or required for something.
3.-expenditure-Expenditure is an outflow of money, or any form of fortune in general, to another person or group to pay for an item or service, or for a category of costs
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