Costs can be unexpired or expired.
Unexpired costs are assets which will be used up or consumed (either in the current period or in the future) in the production of revenue.
Expired costs are expenses. They represent assets that have been used up during a period in the generation of revenues.
basically both are cash outflow but in case of cost we have some financial advantage while in case of expenditure there are no financial advantage.
Loss is the difference between sale and cost when cost is more than sale. i.e Loss = Cost - Sale Expenditure is the amount that is spent on any transaction.
basically both are cash outflow but in case of cost we have some financial advantage while in case of expenditure there are no financial advantage.cost is an value of any item.
Check out the related link to see the difference between capital expenditure and recurrent expenditure as well as some examples.
Inflow of money is income . Outflow of money is expenditure
what is the difference between capital and current expenditure what is the difference between capital and current expenditure
Expenditure is money going out, revenue is money coming in.
They are synonyms.
This is the difference between Income and Expenditure in a non-profit making business, where the income exceeds expenditure
Income is money coming in, expenditure is money going out (spending).
Expenditure Switching policy: Making people to switch to consume domestic goods than foreign / imported goods.
Net cash flow is the difference between income and expenditure.
Net cash flow is the difference between income and expenditure.