Answer / divyansh

Expense is an Any amount paid for Good n services. Example,
Electricity Bills etc. Expanditure is any amount paid for
increase in assets of business. Like Raw material For
business, Furniture for Business and so on .
The benefit derived from incurring a expenditure may not be
limited to the period concerned where as the benefits
derived from a expense are consumed in the same period

Answer / guest

If an asset is acquired during the year,it is expenditure
but if it is consumed during the same year it is expense.

Answer / hussain

for the purpose of work paid to labor transport power bills etc are called expense

for the purpose of established office use like tables, fans ,a/c etc are called expenditure

Answer / r.ganesh

expense: it consumes the asset value (depreciation)
Expenditure: it creates the value for asset like repairs and maintenance to machinery

What is the difference of cost accounting and financial accounting?

0 Answers  

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if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year

0 Answers  

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The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).

0 Answers  

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for which account the cost centre should be given?

1 Answers  

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What will be the Journal Entry for this? Purchases goods from vendor worth Rs.20000.VAT included 4%.

28 Answers   Ernst Young,

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HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?

0 Answers  

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What is the procdure for a Dealer which is register in Delhi, to purchase good @2% from other states, and what form he has to use to brings goods in delhi

1 Answers  

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What is 3/3 in Procure to pay (p2p) in Accounts Payable?

0 Answers   Accenture,

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if we paid the amount through credit card what will be the entry and credit card purchases under which group

2 Answers  

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We purchased packing material against H form condition, without Sales Tax, Now against we want issue C form to party with payment of CST 2%, C form issue only Basic amount, or including CST amount?

1 Answers   Wipro,

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simply define shares and debentures

0 Answers   PSS,

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What are negative postings?What are Credit memos ?Payment Requests ?

0 Answers  

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