Changes

An '''expenditure''' is the spending of money.

An '''expenditure''' is the spending of money.

The term is most often used in connection with spending by [[government]] (in the private sector the term "[[expense]]" is most commonly used).

The term is used in connection with spending by [[government]] and non-profit organizations.

 

It differs from the term "[[expense]]" used in the for-profit realm, in that an expense may have incurred even if no cash has been spent (such as office supplies bought on credit), while cash may have been spent prior to an expense being incurred (such as the purchase of an asset subject to depreciation).

[[Category:Accounting]]

[[Category:Accounting]]

[[Category:Government]]

[[Category:Government]]