An Expense is an overhead that is normally written off in the Income Statement.
On the other hand , an Expenditure means PAYMENT which may be a Capital Outflow or a Revenue Outflow. It is Capital when the payment is for a fixed asset whereas it is Revenue if the payment is an expense which is written off immediately from the Profit Loss account. It could also be Deferred Revenue Expenditure such Rent Prepaid , WHT Recoverable ,etc. This can be better enunciated when you are comparing a P&L account with an Income and Expenditure account.
On the other hand , an Expenditure means PAYMENT which may be a Capital Outflow or a Revenue Outflow. It is Capital when the payment is for a fixed asset whereas it is Revenue if the payment is an expense which is written off immediately from the Profit Loss account. It could also be Deferred Revenue Expenditure such Rent Prepaid , WHT Recoverable ,etc. This can be better enunciated when you are comparing a P&L account with an Income and Expenditure account.
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