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simply in layman's, cost is from seller's perspective n expenditure is from buyer's perspective.
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!--[if !supportLists]--· !--[endif]--Cost is used on something that has returns, while expenses are expenditures used on things that depreciate.br /!--[if !supportLists]--· !--[endif]--Cost is reported in the balance sheet because it means more funds will come to the balance sheet after the expenditure. Expense on the other hand, is reported on the income sheet because it will be taking away funds from the income sheet in making the expenditures.br /!--[if !supportLists]--· !--[endif]--Cost is used when one is buying assets while expense is used on buying liabilities or things that eventually expire.
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- suggest me some tips and tricks to crack cs executive
- if I clear my executive in dec.2018 then when will be my profession attempt
- i have appearing for cs executive module 2 dec 2018 can i clear the exam if i start now
- how many attempts is applicable for old syllabus
- plz anyone provide company law important topics
- which book should I refer for cost accounting. for more mcq practice..I have already solve two books ..one is taxman (N.S.ZAD).other is module...I want to more practice...pls friends suggest me....
- can u give mee.. a clarification .... regarding pre exam ... for new students ... and wheen does d exam is going to be commenced... and final date for apply
- how to prepare ITSM. i mean from which book and in how much it would take to complete the whole syllabus
- Can we get correct answers of pre exam tests?
- Whether test for cs professional will get
Cost means expenditure incurred to manufacture a product or rendering of services. Expenditure means any expenses incurred with a object of earning something in the future.