Podcast
Questions and Answers
What type of expenditure includes spending on rent or mortgage?
What type of expenditure includes spending on rent or mortgage?
- Fixed Income (correct)
- Irregular Expenditure
- Capital Expenditure
- Current Expenditure
Which of the following is an example of current expenditure?
Which of the following is an example of current expenditure?
- Buying a new computer
- Fuel for a car (correct)
- Paying rent
- Buying new furniture
Which type of expenditure is characterized by irregular changes and is not a necessity?
Which type of expenditure is characterized by irregular changes and is not a necessity?
- Irregular Expenditure (correct)
- Current Expenditure
- Capital Expenditure
- Fixed Income
What type of expenditure would purchasing a bike be classified as?
What type of expenditure would purchasing a bike be classified as?
Which of the following best defines capital expenditure?
Which of the following best defines capital expenditure?
Flashcards
Fixed Income Expenditure
Fixed Income Expenditure
Expenditure that remains consistent every month.
Irregular Expenditure
Irregular Expenditure
Expenditure that varies from month to month.
Current Expenditure
Current Expenditure
Everyday expenses for a household.
Capital Expenditure
Capital Expenditure
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Example of Current Expenditure
Example of Current Expenditure
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Study Notes
Types of Expenditure
- Fixed income: Expenditure that stays the same each month, like rent or mortgage.
- Irregular expenditure: Expenditure that changes and is not a necessity.
- Current expenditure: Daily spending for a household, such as fuel, medication, education, transportation, and food.
- Capital expenditure: Spending on items for a household that are bought once, such as computers/technology, furniture, entertainment, property, bikes, or new shoes.
Capital
- Capital represents more money.
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