149k views
5 votes
Expenditures are defined as a. Costs expired. b. Uses of current financial resources other than for capital asset purchases and transfers. c. Decreases in net current financial resources other than from specified transactions. d. Changes in liabilities and deferred inflows.

User Ranell
by
5.9k points

1 Answer

3 votes

Answer:

Decrease in net current financial resources other than from specified transactions.

Step-by-step explanation:

An expenditure can also be defined as a payment or the incurrence of a liability in exchange for goods or services. Evidence of the documentation as a result of an expenditure made is shown in a sales receipt or an invoice. Organizations have to always maintain firm controls over expenditures, to prevent them from acquiring losses.

An expenditure is not the same thing as an expense, an expense represents the decrease in value of an asset, while an expenditure simply means the purchasing of an asset.

User Avius
by
5.9k points