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What is the difference between expenses and payments?

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تم إضافة السؤال من قبل Rana Alnajjar , Web developer , Lebcards
تاريخ النشر: 2016/11/30
Wilfredo Quito
من قبل Wilfredo Quito , Accounting Manager , DDC LAND INC.

Thank you for your kindness invitation.

I agree with all previous answers.

Regards

Nazmul Islam CMA
من قبل Nazmul Islam CMA , Manager , Robi Axiatal Ltd.

Expenses include both cash & non cash expenditure for a particular accounting year whereas payments is the cash portion of expenditure.

manseer muhammed ali
من قبل manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

nder the accrual method of accounting, expenses are costs that have been used up or have been incurred in the process of earning revenues and/or operating a business. For example, a retailer will report its cost of the goods sold as an expense of the period in which the related sales occurred (even if the retailer has not yet paid for the goods, or had paid for the goods in an earlier period). Some expenses are allocations of a cost that was paid in an earlier period (e.g. depreciation of an asset purchased in a previous year, the allocation of a 6-month insurance premium). Expenses also include costs incurred in the current period that will be paid in a later period (e.g. current advertising that will be paid for in the next accounting period). Interest on a loan is a daily expense even though all of the interest will be paid when the loan comes due in the next accounting period.

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).

krishnamoorthy Achutham
من قبل krishnamoorthy Achutham , DY Manager (Accounts) from April , DCW LIMITED,

The  money spent on cost incurred in a company to generate revenue .Payment is dicharge of an obligation.

Soliman Abd  ALmalak Gendy
من قبل Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

Expenses are costs used up in the process of earning revenues and operating a business Payments are disbursement of money in the former of check or cirrency

Abdullah Aziz Eldain Morsi  Elgendy -        CMA  Candidate
من قبل Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies

expenses

Money spent or cost in an organization's efforts to generate  return,, representing the cost of doing business

payments

An  amount that is paid or  payable 

some times become  money spending   fro the   pre paid or accrual

 

 

 

 

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