Accounts basics

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pranjali (Querist)

18 August 2011 please tell me.....is there any difference between revenue EXPENSE and revenue EXPENDITURE...also
since both fixed assets and expenditure give long term benefits then whats the difference??
are capital expenditure done only to aquire assets??
and do all expense/ expenditure done to aquire assets are capital expenditure..please reply...totaly confused

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

18 August 2011 Expenses and Expenditure more or less the meaning are same. Expenditure word normally used for the both Revenue & Capital such as Revenue expenditure and Capital expenditure which generally used for long term benefit expenses.

Capital expenditure is the expenditure incurred for acquisition of assets and other related expenses for acquiring such assets and construction of assets or any other expenses which the benefit which coming for long period

pranjali

pranjali (Querist)

18 August 2011 but i read sir that expenses are the written off part of expenditure...

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

19 August 2011 I cannot understand your query clearly. i guess you are asking about written off part. written off treated as loss not an expenditure

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