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Distinguish between expense and expenditure

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Distinguish between expense and expenditure

Posted by Muskan Prajapati 3 years, 11 months ago

CBSE > Class 11 > Accountancy

2 answers

Amit Singh 3 years, 11 months ago

Expenditure is of two types :- Capital expenditure and revenue expenditure revenue expenditure is also called expense

Meghna Thapar 3 years, 11 months ago

Expenditure will generate future economic benefits for the company, but the expenses will generate the benefit for the current period only. The major difference between Expense vs Expenditure is that the expenditure is a single time investment of money. ... Conversely, Expenses are of the shorter term. In terms of its accounting treatment, an expense is recorded immediately and impacts directly the income statement of the company, reducing its net profit. In contrast, a capital expenditure is capitalized, recorded as an asset and depreciated over time.

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