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In budgeting the idea and hope is the writer of a budget is able to plan for every expenditure for the following fiscal year. Of course, doing so is extremely difficult and chancy. Therefore, one item almost every budget has is 'unforeseen expenditures'. This is a category where the bookkeeper assigns any cost which does not a specific place for it. For example; a budget for a small, family owned Deli would have Rent, Utilities, payroll, Janitorial, Cleaning Supplies, Capital Expenses (such as equipment purchases) building maintenance, food, Liability Insurance etc.
An example of an unforeseen expenditure might be a lawsuit for someone slipping on a wet floor which your insurance didn't cover and, therefore, you had to pay out of pocket. Another example might be a private party whose house was damaged in a hail storm and your insurance did not cover everything. Any out-of-pocket costs you incur would be considered an unforeseen expenditure.
What else can I help you with?
What is the difference between capex and revex?
CAPEX= Capital Expenditures REVEX = Revenues Expenditures
What is revenue minus expenditures?
Profits
When revenue exceeds expenditures?
there is a budget surplus
Can you lose your house if you own it due to unforeseen circumstances?
Yes, you can lose your house even if you own it due to unforeseen circumstances such as financial difficulties, inability to pay property taxes, or legal issues.
Examples of capital expenditure and revenue expenditure?
Capital expenditures are included in fixed asset costs. Examples of capital expenditures are purchase costs, legal charges delivery charges, and installation charges. Revenue expenditures include maintenance charges, renewal expenses, repair costs, and repainting costs.
What is iiregular expenditure?
Irregular expenditure refers to spending that occurs outside the normal budgetary or financial planning framework. This type of expenditure is often unpredictable and can arise from unforeseen circumstances, emergencies, or one-time expenditures that do not recur. Examples include natural disaster relief costs, unexpected repairs, or unplanned capital investments. Such expenditures can impact financial stability if not managed properly.
How do you spell unforeseen?
That is the correct spelling of "unforeseen" (unanticipated).
Can you give me a sentence with the word unforeseen?
The future is unforeseen.
What happens to the aggregate expenditures curve when autonomous expenditures fall?
Aggregate expenditures will shifts down by the decline in aggregate expenditures.
What is an example of a sentence using the word unforeseen?
I will see you at seven o'clock sharp, barring unforeseen delays.
What is the opposite of foretold?
The opposite of "foretold" is "unforeseen" or "unexpected."
When was Unforeseen Shadows created?
Unforeseen Shadows was created in 1999.
Consumption Expenditures + Investment + Government Expenditures = _______.?
cfc
When was Unforeseen Blessings created?
Unforeseen Blessings was created on 20-12-19.
What measures are used to assess the performance of not-for-profit organizations?
measures that are relevant are: (1) the ratio of program expenditures to total expenditures; (2) the ratio of administrative overhead to total expenditures; (3) the ratio of fund-raising expenditures to total expenditures
Can you give a sentence for the word unforeseen?
the store victorias secrect is unforeseen because its braws.
What actors and actresses appeared in Unforeseen - 2011?
The cast of Unforeseen - 2011 includes: Tyrone Howard
