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Difference between expenditure and expense?
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Answer Posted / rakesh kumar prasad
an expenditure is a payment for a benefit
received.expenditure is incurred to acquired assets and
amount spent to acquire those assets.
examples:-
cost of plant and machinery
depreciation on plant and machinery
rent
insurance, etc.
on the other hand expense is the amount spent in order to
produce and sell the good and services which produce the
revenue.
examples:-
salaries
wages, etc.
| Is This Answer Correct ? | 9 Yes | 2 No |
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