An expense is a cost that has expired, been used up, or necessary in order to earn revenues and is recorded on an income statement. An expenditure is a payment or disbursement which may have been a purchase of an asset, reduction of liability or distribution to owner(s).
revenue is income and expenditure is an expense
capital expenditures is expenses on assets and infrastructure while recurrent expenditure is expense on liabilities or things that keep on happening
Check out the related link to see the difference between capital expenditure and recurrent expenditure as well as some examples.
My understanding is Accrual = (VOWD - Actual expenditure)
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
revenue is income and expenditure is an expense
They can be used the same in most cases, though they do have slightly different shades of meaning. Expense can be used to discuss price of a single object, whereas expenditure is generally used more for the expense over a period of time. Their definitions are very similar however
Operational expenditure is expense of "Operations" like insurance for the company or rent for a warehouse. Cost of goods sold is expense directly related to preparing something for sale. For example: A gas bill for a pizza oven, used to bake the pizzas sold, is a COGS.
capital expenditures is expenses on assets and infrastructure while recurrent expenditure is expense on liabilities or things that keep on happening
Revenue expenditure are those for which company has spend money but not yet took the benefits of them as soon as company take benefits of those expenditure, it become expanse. For Example: Inventory purchase for 3 months of production is revenue expenditure but when this inventory utilized in production then the portion of utilized inventory become expanse.
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
capital 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