A payment made to buy goods or services, whether with cash or credit, is referred to as an expenditure. Spending time, effort, or money on anything is what is meant by the term. A cost is recorded at a single moment in time (the time of purchase), as opposed to a cost that is recorded after it has been used up or expired. The two major categories of expenditures in accounting are capital expenditures and revenue expenditures. The cost a business incurs to maintain its assets in good functioning order so they can generate income in the future is known as revenue expenditure. An expense that is mentioned in a business as helping to increase the productivity level of equipment is a capital expenditure. A deeper comprehension of the subject is provided by the presentation.

Aparika Sharma

106 resources

4

1

0

Like