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What is the difference between expense …

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What is the difference between expense and expenditure?

    • Posted by Jitendra Kumar 8 years, 6 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sia ? 4 years, 9 months ago

    Parameters of Comparison Expense Expenditure
    Meaning It is used when referring to past purchases, and also when talking about a single item purchased. It is used when referring to a whole list of purchases or any form of disbursement.
    Meaning (in terms of corporations) Expenses are the strategic purchases made by companies to increase their revenue. Expenditures are the final amounts on bills incurred due to the purchase of an asset by the corporation.
    Frequency of occurrence Expenses are seen to occur many times over a given period (such as a fiscal year of an organization). Expenditures are final amounts, so they occur in lesser frequency over a specific period of a company.
    Reason Corporations make expenses so that they can make ordinary day to day purchases for the company. Corporations make expenditures for significant assets and things concerning revenue.
    Examples Expenses for an organization include employee salaries and healthcare benefits. For citizens, it includes rent and food purchases. For corporations – capital investments and investment of shares. For citizens, it includes mortgages and property investments.
    Time frame When looking at financial accounts, expenses are always compiled for a small term due to the higher number of times they occur. In financial accounts, expenditures are compiled for a longer-term due to the lower number of occurrences.

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