Cost Accounting Question:
Download Questions PDF

What is the difference between Expenses and Expenditure?


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

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.

Download Cost Accounting Interview Questions And Answers PDF

Previous QuestionNext Question
Tell me about your experience in cost accounting?Explain some of the methods used to allocate support costs?