Expenditure

Question 1

What is Expenditure?

Answer 1

Any payments the business will have to make to run the business.

Question 2

Types of Expenditure?

Answer 2

Premises - rent or mortgage payments
Materials and resources
Equipment and repair costs
Utility bills for the use of gas, electricity and water
Transport - purchase, tax, insurance, MOT, repairs
Wages
Telephone and Internet - connection and rental
Advertising and administration
Insurance
Professional advice - accountant, lawyer