Register now or log in to join your professional community.
An expense is reported on income statement. E.g:- Cost of goods sold, salaries, advertisement, interest, rent, repairing, stationery, commission, so on.
An expenditure is a payment for purchasing an assets, reduction in liability. The expenditure for an assets is depreciated over a fix period of time depending on life of an assets.
an expenditure is the outflow of cash from a non -profit making organisation whereas expenses is the outflow of cash from the profit making organisation
Expense is a cost expired and reported in income statement. The term ' expense ' used in the outflow of a profit-oriiented business. It can also be an expenditure.
Expenditure is a payment or disbursement. The term ' expenditure ' is used to explain the outflow of resources of a non-profit organisation.
For some extend,expenditure can be related to expense,like the expenditure may be for the purchase of an asset, a reduction of a liability, a distribution to the owners,it could also be an expense.But, an expenditure to eliminate a liability is not an expense, while expenditures for advertising, salaries, etc. will likely be recorded immediately as expenses.
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.