"income and expenditure" vs "income and expense"

Question

"income and expenditure" vs "income and expense"

Both "income and expenditure" and "income and expense" are correct phrases, but they are used in slightly different contexts. "Income and expenditure" is commonly used when referring to a detailed financial report that includes both income (money received) and expenditure (money spent). On the other hand, "income and expense" is more commonly used in everyday language to talk about personal finances or business transactions.

Last Updated: March 31, 2024

This phrase is typically used in the context of financial accounting or reporting to describe the money received (income) and the money spent (expenditure).

Examples:

The company's annual financial statement shows a detailed breakdown of income and expenditure.
We need to analyze the income and expenditure data to understand our financial situation.
The government's budget includes projections for income and expenditure for the upcoming fiscal year.

Alternatives:

revenue and expenses
earnings and outlays
profits and costs
receipts and disbursements
cash inflow and outflow

This phrase is often used in informal contexts to refer to the money received (income) and the money spent (expense) in personal or business finances.

Examples:

I need to track my income and expenses to create a budget.
The company's income and expenses for the month are within the projected range.
Managing income and expenses is essential for financial stability.

Alternatives:

revenue and costs
earnings and expenditures
profits and outgoings
receipts and payments
cash flow and outlay

Answer 1

income and expenditure

This phrase is correct and commonly used when referring to a detailed financial report that includes both income and expenditure.

Answer 2

income and expense

This phrase is correct and commonly used in everyday language to talk about personal finances or business transactions.

"income and expenditure" vs "income and expense"

income and expenditure

income and expense

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