Day to day expenses

An expense earned in carrying out an organization’s day-to-day activities, but not directly connected with production. day-to-day expenses include such things as payroll, sales commissions, employee benefits and pension contributions, transportation and travel, amortization and depreciation, rent, repairs, and taxes. These expenses are regularly subdivided into selling expenses and administrative and general expenses.

Revenue Expenditures

Revenue Expenditures: Learning Objectives: Define and explain revenue expenditures. List of revenue expenditures. Definition and Explanation: Expenditures will be treated as revenue expenditures if it is incurred for the following purposes: Expenditure for purchasing floating assets i.e., assets meant for resale at a profit or for being converted