Is it right to say that " Expenditure is conversion of cash/cash at bank into some other form of assets.&
Expense is cash or cash at bank is converted into some revenue forms".Is it fully correct ?or is there anything to add or deduct along with this to get the correct meaning?
2006-12-11 00:02:11 · 7 answers · asked by joseph m 1 in Business & Finance ➔ Personal Finance
Neither of your sentences are correct.
Expense is a singular noun and expenditure is an uncountable noun
2006-12-11 00:15:39 · answer #1 · answered by savs 6 · 0⤊ 0⤋
In accounting an expense is a category of costs that the business feels is important to track from year to year. An expenditure is an individual item paid that is posted to an expense account. For example a rent check is an expenditure that is accumulated in the category rent expense.
2006-12-11 00:26:37 · answer #2 · answered by waggy_33 6 · 1⤊ 0⤋
the easy explanation is -
you spend "expenditure" on "expenses".
the things you spend your money on are the expenses, the actual process of spending that money is expenditure.
2006-12-11 02:53:12 · answer #3 · answered by alatoruk 5 · 1⤊ 0⤋
expense is what you use your money to buy during business and expenditure is the amount of money you loss during your business.
2006-12-11 01:40:04 · answer #4 · answered by mario 1 · 0⤊ 0⤋
Please consult: 1.Oxford Advance Learner's Dictionary 2.Dictionary of Commerce--J.L Hanson 3.Terms of Economics
2016-05-23 04:52:07 · answer #5 · answered by ? 4 · 0⤊ 0⤋
They're spelt differently.
2006-12-11 00:04:20 · answer #6 · answered by Anonymous · 0⤊ 0⤋
expense is singular, expendature is can b plural
2006-12-14 04:53:29 · answer #7 · answered by Anonymous · 0⤊ 0⤋