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Question: What is the difference between Expenses & Expenditure ?

Answer: The difference between expenses and expenditure. Expenese is the outflow from a profit oriented organization while expenditure is the outflow from non-profit organization.



Category Cost Accounting Interview Questions & Answers - Exam Mode / Learning Mode
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Question: What is the difference between Expenses & Expenditure ?
Answer:

The difference between expenses and expenditure. Expenese is the outflow from a profit oriented organization while expenditure is the outflow from non-profit organization. Source: CoolInterview.com

Answered by: ahmed akewula | Date: 6/23/2008 | Contact ahmed akewula Contact ahmed akewula

The expenses and expenditure are two term that interweve. The differently they look, the more they look the same.

Expense are monies expended on items on which no value remains eg expenses on wages and salaries, Nepa bills, transportation, etc while expenditures are monies used for items of which some values remains eg purchase of assets especialy. Source: CoolInterview.com

Answered by: okoloise Godfrey | Date: 2/12/2009 | Contact okoloise Godfrey Contact okoloise Godfrey

expenses means different types of expenses incurred by an organisation

expenditure means the total expenses the company incurred can be regarded as an expenditure

conclusion- meaning is same but slight difference
in simple words
"expenses can be regarded as the exp met by a company"
"group of expenses can be regarded as expenditure" Source: CoolInterview.com

Answered by: ravindra | Date: 3/23/2009 | Contact ravindra Contact ravindra

In accounting terminology, there is one difference between Expense and Expenditure. The Expense is the expired portion of an Expenditure. If you want more clarification, jus think the concept with one example. All the other things remains same. We often use Expense and Expenditure simultaneously. But only this slight difference is there. Source: CoolInterview.com

Answered by: payal srivastava | Date: 9/23/2009 | Contact payal srivastava Contact payal srivastava

The difference between expense and expenditure.
The expenditure is the cost beared for the purchase of assest into the business. The benefits of this expenditure can be for longer period of time.
While the amount spent on the repair and maintenance of the car comes under expense. The benefits of expense can be for limited period.

Source: CoolInterview.com

Answered by: Muhammad Aftab | Date: 9/24/2009 | Contact Muhammad Aftab Contact Muhammad Aftab

An expenditure includes an expense but not vice versa. An expenditure is a thing that is expended or an act of disbursement. Whereas an expense is a cost, charge incurred or amount spent
Source: CoolInterview.com

Answered by: Gokul | Date: 2/2/2010 | Contact Gokul Contact Gokul

Expenses means which is bound to be incurred as and when required it can be regular exepnses say electricity is not expenditure. But expenditure means after taking decision some amount to be spent for it. Source: CoolInterview.com

Answered by: Jhankhana | Date: 5/12/2010 | Contact Jhankhana Contact Jhankhana

The expenditure may be for the purchase of an asset, a reduction of a liability, a distribution to the owners, or it could be an expense. For instance, an expenditure to eliminate a liability is not an expense, while expenditures for advertising, salaries, etc. will likely be recorded immediately as expenses. Source: CoolInterview.com

Answered by: Kaleem ullah | Date: 4/6/2016 | Contact Kaleem ullah Contact Kaleem ullah


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