Answer to Question #76706 in Accounting for rich

Question

Describe the features of cash, revenues and expenditures. Give examples of each category with a linked budget objective.

Answer 1

Cash is a current asset account which includes currency, coins, checking accounts, and undeposited checks received from customers.
Revenues are the amounts that a business earns from selling goods or providing services to its customers.
An expenditure is a payment in cash or barter credits, or the incurrence of a liability by an entity, in exchange for goods or services.
Sources:
https://www.accountingcoach.com/
https://www.accountingtools.com/articles/2017/5/6/expenditure