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ago in Accounts by (40 points)
What is the difference between Expenses and Expenditures?

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An expense is reported on financial statements. It is funds that have been spent usually to ensurerevenues will be earned during a time period. Examples of expenses that ensure the continuance of revenue include rent, salaries, parts, etc. Expenditure is a payment.

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when business purchase machinery , equipment , furniture this all are expenditure for business , means business spend money for long term tenure , when one time exp. spend not need to spend again and again , so this is capital nature are include in balance sheet '

but expense is totally opposite . when business paid rent , salary , elecrecity bill, repair this all are expense for business , means business spend money for short term tenure , and  need to spend every year , it is revenue nature and include in profit and loss account .

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