Question: What Are The Types Of Expenditure?

What are 2 types of expenses?

Two Types of Business ExpensesOperating expenses: Expenses related to the company’s main activities, such as the cost of goods sold, administrative fees, and rent.Non-operating expenses: Expenses not directly related to the business’ core operations..

How do you list expenses?

Steps to Track Your ExpensesWrite down your monthly income.Write out your monthly expenses. Start with food, shelter (your mortgage or rent plus utilities), clothing, and transportation. … Make sure your income minus your expenses equals zero.

What are the normal monthly expenses?

20 Common Monthly ExpensesHousing. Your costs will vary significantly depending on where you live. … Transportation. … Food​ … Utility bills. … Cell phone. … Childcare and school costs. … Pet food. … Pet insurance.More items…•

What are 3 examples of expenditure?

Expenditure ExampleS. NoExpenditure TypeExpenditure Classification1Purchase of raw materialsRevenue Expenditure – Direct2Electricity billsRevenue Expenditure – indirect3Advertising expensesRevenue Expenditure – indirect4Direct labor costsRevenue Expenditure – Direct6 more rows

What are the 3 types of government spending?

Federal government spending in the United States can be broken down into three general categories: mandatory/entitlement spending, discretionary spending, and interest on government debt.

What are the 5 major sources of revenue for the government?

The rest comes from a mix of sources.TOTAL REVENUES. … INDIVIDUAL INCOME TAX. … CORPORATE INCOME TAX. … SOCIAL INSURANCE (PAYROLL) TAXES. … FEDERAL EXCISE TAXES. … OTHER REVENUES. … SHARES OF TOTAL REVENUE. … Updated May 2020.

What does the government spend the most money on?

Nearly 60 percent of mandatory spending in 2019 was for Social Security and other income support programs (figure 3). Most of the remainder paid for the two major government health programs, Medicare and Medicaid.

What are the 4 types of expenses?

You might think expenses are expenses. If the money’s going out, it’s an expense. But here at Fiscal Fitness, we like to think of your expenses in four distinct ways: fixed, recurring, non-recurring, and whammies (the worst kind of expense, by far).

Is Rent a capital expenditure?

Capital expenses are not used for ordinary day-to-day operating expenses of a business, like rent, utilities, and insurance. … On the other hand, if you buy office furniture, it is expected that it will last longer than a year, so you are buying a fixed asset, and that purchase is considered a capital expense.

What are 3 basic budget categories?

As personal finance site Beating Broke explains, virtually all of your expenses fall into three overall categories: Fixed expenses, variable expenses, and non-necessities. Fixed costs include your rent, which stays the same every month. Variable costs would include things like your utility bills or food.

What are examples of government spending?

Federal expenditures fall into five main categories: health insurance (Medicaid and Medicare), retirement benefits (Social Security), national defense, interest on the debt and “other spending” (a broad category that covers spending on education, housing, transportation, agriculture, etc.).