what are the expenditures which do not yield any income known as
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Types of Expenditures in Accounting
Capital Expenditure. A company incurs a capital expenditure. (CapEx) when it purchases an asset with a useful life of more than 1 year (a non-current asset). ...
Revenue Expenditure. A revenue expenditure occurs when a company spends money on a short-term benefit (i.e., less than 1 year).
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It is the non developmental expenditure.
- Developmental expenditure refers to the total government spending that has a direct productive effect on the economy.
- Non-developmental expenditure refers to government spending that has no clear economic effect. It does not yield any direct productive impact on the economy.
- For example - expenditure on defence, the audit cost, printing of currency, internal law and order
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