Recurrent expenditure refers to payments made by governments or organizations for all purposes except capital costs. Recurrent expenditure includes payments made on goods and services as well as interest and subsidies.
Recurrent expenditures are typically made more than once, and may even be made on a scheduled basis. Some expenses, such as wages and salaries made to employees by companies, are made periodically on a weekly or bi-weekly basis. Recurrent expenditures exclude payments for capital assets, such as stock, bonds and property. Capital and recurrent expenditure are considered to be overall expenditure, and account for all fees and net lending that is doled out by governments.Learn More
In accounting, the word "expenditure" is used to indicate a cost that a company pays to acquire equipment or other assets. Expenditures can also reduce liabilities or be disbursed to owners. They can be considered a type of expense, but expenses and expenditures are listed differently on income statements. Expenditures usually span a period of more than one statement.Full Answer >
Aggregate expenditure is a total value of annual services and goods production for a given country, and it only pertains to those services and goods actually sold. Aggregate expenditure is similar to a country's gross domestic product, though the GDP accounts for unsold goods and services too.Full Answer >
The traditional definition of a counting house is a building or room used by the bookkeeping or accounting department of a business, according to Dictionary.com. The term comes from Late Middle English and may be hyphenated. The character of Scrooge from "A Christmas Carol" ran a counting house.Full Answer >
The hire of a new employee can be justified by the need to expand business operations and increase work production. Companies must make sure that new hires have a specific role to fill and will be needed long-term.Full Answer >