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In a short and comprehensive way of my own understanding recurrent expenditure can be define as an expenditure that occurred after the existing expenditure had already be made for that year
what is irregular expenditure
The definition does say unambiguously that business cycles are "recurrent but not periodic."
Recurrent wants are wants that occur again and again for example food, petrol, television these things are things that we have to buy again and again therefore they are recurrent wants
Nhlanhla Yende
In a short and comprehensive way of my own understanding recurrent expenditure can be define as an expenditure that occurred after the existing expenditure had already be made for that year
Check out the related link to see the difference between capital expenditure and recurrent expenditure as well as some examples.
capital expenditures is expenses on assets and infrastructure while recurrent expenditure is expense on liabilities or things that keep on happening
Salaries are require to be paid every month so it is a recurrent expenditure of business and called the revenue expenditures.
Recurrent or Revenue Expenditure are those expenditure the benefits of which are utilized by company in one single year and capital expenditure are those expenditure the benefits of which are utilized for morethan one fiscal year. Revenue expenditure Example: Inventory etc Capital Expenditure : plant, machinery, building etc.
no
capital expenditure budget is a part of cash budget.cash budget involves managerial activities while capital expenditure budget involves day to day activities may be for long range or short range
Refers to the process by which governments or organizations create and approve a budget. Budgeting is the setting of expenditure levels for each of an organizationâ??s functions.
By budgeting, you can have a semblance between your income and projected expenditure during a specified period.This is of paramount importance than sailing a rudderless boat in the sea.
1. Capital expenditures are those expenditures the benefit of which are taken by company for more than one fiscal year and are non recurrent nature while recurrent or revenue expenditures are those expenditures which are recurring nature and have to be made many time during single fiscal year and benefits of those is also taken only for one fiscal year.
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Capital expenditure proposals are initially screened by the a. board of directors. b. executive committee. c. capital budgeting committee. d. stockholders.