ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Money earned by a worker
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Money spent
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Benefits from a job
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Money saved
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Detailed explanation-1: -An expenditure is money spent on something. Expenditure is often used when people are talking about budgets. It is the government’s job to decide what to do with tax money collected, or in other words, to determine the expenditure of public funds. The word is more than a long way of saying expense.
Detailed explanation-2: -Expenditure is the spending of money on something, or the money that is spent on something.
Detailed explanation-3: -An expenditure is simply a purchase of products, goods, or services. Anyone can incur one: Buying a coffee, making an Amazon purchase, and hiring a lawn care company are all examples of expenditures you might encounter in your day-to-day life.
Detailed explanation-4: -An expenditure represents a payment with either cash or credit to purchase goods or services. It is recorded at a single point in time (the time of purchase), compared to an expense that is recorded in a period where it has been used up or expired.
Detailed explanation-5: -Capital expenditure. A company incurs a capital expenditure when it buys an asset that has a life of more than one year (non-current asset). Revenue expenditure. Deferred revenue expenditure. 20-Dec-2022