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Difference between Expense and expenditure other …

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Difference between Expense and expenditure other than their definition

Posted by Nancy Dahiya 8 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Prerna Phadnis 8 years, 7 months ago

An Expense is reported on the income statement------------For instance, an Expenditure to eliminate a liability is not an expenses, while expenditure for advertising , salaties etc. Will likely br reconded immiediately as expenses. Here's another example to illustrate to difference between an expense and an expenditure.

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