expenditure
Definition
Actual payment of cash or cash-equivalent for goods or services, or a charge against available funds in settlement of an obligation as evidenced by an invoice, receipt, voucher, or other such document. A revenue expenditure is cash used in payment for goods and services consumed in a short period. A capital expenditure is cash used in purchase of fixed assets that last one year or more.
Mentioned in these definitions
Mentioned in these terms
Popular 'Accounting & Auditing' Terms
expenditure in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/expenditure.html
