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What is the difference between expenses and payments?

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تم إضافة السؤال من قبل najma omar
تاريخ النشر: 2016/11/20
Usman ali
من قبل Usman ali , a one , Tavel Agnsey

payment is a disbursement of money (usually in the form of a check or currency). ... payments to remit payroll tax withholdings will never be an expensepaymentsto reduce liabilities resulting from expenses reported in earlier accounting periods (e.g. payments to reduce interest payable, accounts payable, taxes payable ...

Priyank Halvadia
من قبل Priyank Halvadia , Sr. Account Executive , MHS Infratech Pvt. Ltd.

Expenses is only Unpaid routing office / site expense but the payment is paid agst. expenses / expenditure.

Majid Wangade
من قبل Majid Wangade , Senior Accountant , KANTOUR LIMITED COMPANY ( Real Estate, Construction and Asset Management )

Expenses are costs that have been used up or have been incurred in the process of earning revenues and/or operating a business. 

payment is a disbursement of money (usually in the form of a check or currency). Some payments are current period expenses (e.g. current month's rent payment) but many payments are not expenses of the current period. 

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