Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Expenditure
1. The act or process out; disbursement. 2. A sum paid ou:
action on expenditure.
An action for pay-ment of the principal debt by a personal surety.
capital expenditure
An outlay of funds to acquire or improve a fixed asset. - Also termed capital improvement; capital outlay.
cash-expenditure
method. Tax. A technique used by the IRS to reconstruct a taxpayer's unreported income by comparing the amount spent on goods and services during a given period with the income reported for that period. ( If the expenditures exceed the reported revenue, the IRS treats the difference as taxable income.