Definitions
- Referring to the total amount of money spent or disbursed by an individual or organization. - Talking about the overall expenses incurred by a person or entity over a period of time. - Describing the outflow of funds from a company or organization.
- Referring to the act of spending money on goods or services. - Talking about the total amount of money spent on a particular item or category of items. - Describing the expenses incurred by a government or organization in carrying out its functions.
List of Similarities
- 1Both refer to the spending or use of money.
- 2Both can be used to describe the overall expenses of an individual or organization.
- 3Both can be used to refer to a specific category or item of expense.
- 4Both are nouns that can be used in formal or informal contexts.
- 5Both are important concepts in financial management.
What is the difference?
- 1Scope: Outgo refers to the total amount of money spent, while expenditure can refer to the act of spending as well as the amount spent.
- 2Usage: Outgo is less common and more formal than expenditure, which is more versatile and commonly used.
- 3Connotation: Outgo can have a negative connotation, suggesting excessive or unnecessary spending, while expenditure is neutral.
- 4Focus: Outgo emphasizes the outflow of funds, while expenditure focuses on the act of spending.
Remember this!
Outgo and expenditure are synonyms that refer to the spending or use of money. However, outgo is less common and more formal, referring specifically to the total amount of money spent, while expenditure is more versatile and commonly used, referring to both the act of spending and the amount spent.
