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Expenditure

QuestionAnswer
What is expenditure? Expenditure is the amount we spend in a particular period.
Name the three types of expenditure. Fixed, Irregular and Discretionary.
What is impulse buying? Buying something on the spur of the moment without thinking of the consequences.
What is a false economy? It is where you spend money on something which you think is saving you money but in the long-term may cost you more money.
What is a delivery note? It is a document sent by the seller to the buyer that states the goods that are being delivered.
What is current spending? It is spending money on day to day items.
What is capital spending? It is spending on durable items, that last a long time.
Created by: Killian Goaley