Accountancy, asked by Siyakashyap1421, 1 year ago

What is a difference between the term expenditure and expense?

Answers

Answered by sonu600500
0
The expenditure may be for the purchase of an asset, a reduction of a liability, a distribution to the owners, or it could be an expense. For instance, an expenditure to eliminate a liability is not an expense, while expenditures for advertising, salaries, etc. will likely be recorded immediately as expenses.

Is there a difference between an expense 

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