Accountancy, asked by dans, 1 year ago

what is the difference between expenditure and expense

Answers

Answered by thomassunil7080
1
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.
Answered by extraordinary12356
2
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