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

how to strong my account for long time?

3 Answers  

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Tell us depreciation and its types?

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What is Accounts Recivable & Payble???

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