Question

what is the difference between expenses and expenditure?

Answer 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.

Answer 2

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✯Expenses :coasts incurred by a business in the process of earning revenue are known as expenses.

✯Expenditure : spending money or incuring a liability for some benefit, service or property received is called expenditure.



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