Asked by manny aranda on May 05, 2024

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Acquired material,property,and/or labor in exchange for money

A) accounts payable
B) expenditure
C) invoice
D) PDF
E) fees
F) petty cash
G) accounting
H) bookkeeping
I) operating information
J) managerial accounting information

Expenditure

Actual payment of cash or cash equivalent for goods or services, or a charge against available funds in settlement of an obligation as evidenced by an invoice, receipt, voucher, or other such document; acquired material, property, or labor in exchange for money.

Acquired Material

Items or substances that are obtained or collected for use, often referring to resources gathered for a specific project or purpose.

  • Recognize the differences between assorted financial documents and their specific objectives.
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ZK
Zybrea KnightMay 06, 2024
Final Answer :
B
Explanation :
Expenditure refers to the act of spending money or utilizing resources (such as material, property, and labor) in exchange for goods or services.