Cost Accounting Question: Download Questions PDF
What is the difference between Expenses and Expenditure?
Answers:
Answer #1The difference between expenses and expenditure. Expense is the outflow from a profit oriented organization while expenditure is the outflow from non-profit organization.
Answer #2The 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 Question | Next Question |
| Tell me about your experience in cost accounting? | Explain some of the methods used to allocate support costs? |