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An expense is reported on income statement. E.g:- Cost of goods sold, salaries, advertisement, interest, rent, repairing, stationery, commission, so on.
An expenditure is a payment for purchasing an assets, reduction in liability. The expenditure for an assets is depreciated over a fix period of time depending on life of an assets.
an expenditure is the outflow of cash from a non -profit making organisation whereas expenses is the outflow of cash from the profit making organisation
Expense is a cost expired and reported in income statement. The term ' expense ' used in the outflow of a profit-oriiented business. It can also be an expenditure.
Expenditure is a payment or disbursement. The term ' expenditure ' is used to explain the outflow of resources of a non-profit organisation.
For some extend,expenditure can be related to expense,like the expenditure may be for the purchase of an asset, a reduction of a liability, a distribution to the owners,it could also be an expense.But, an expenditure to eliminate a liability is not an expense, while expenditures for advertising, salaries, etc. will likely be recorded immediately as expenses.
