Saturday, 26 September 2015

DIFFERENCES BETWEEN EXPNSE AND EXPENDITURE


EXPNSES
EXPENDITURE
Money spent for to get short term benefit
Money spent for to get Long term benefit
It is Nominal Account
It is Real Account
It comes in P&L Debit side
It comes in Balance sheet Asset side
Generally smaller in amount      
Generally bigger in amount  
It is recurring nature
It is non recurring nature
Ex. Rent, Salary, Telephone,
Ex. Purchase of Land, Buildings, Machinery

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