Select all the options which are examples of expenditure. Receiving pocket money Lending money to a friend Topping up credit on a phone Being paid for doing chores Giving money to charity Borrowing money from a sibling Spending money on a game Buying food at a supermarket Selling old books for money Receiving pocket money Lending money to a friend Topping up credit on a phone Being paid for doing chores Giving money to charity Borrowing money from a sibling Spending money on a game Buying food at a supermarket Selling old books for money

Question

Select all the options which are examples of expenditure. Receiving pocket money Lending money to a friend Topping up credit on a phone Being paid for doing chores Giving money to charity Borrowing money from a sibling Spending money on a game Buying food at a supermarket Selling old books for money Receiving pocket money Lending money to a friend Topping up credit on a phone Being paid for doing chores Giving money to charity Borrowing money from a sibling Spending money on a game Buying food at a supermarket Selling old books for money

Answer 1

Topping up credit on a phone; Giving money to charity; Spending money on a game; Buying food at a supermarket

Answer 2

In economic terms, an expenditure refers to the act of spending money or the amount of money spent on something. Options that fall under this definition are considered examples of expenditure.Looking at the options, "Receiving pocket money" and "Being paid for doing chores" are income inflow—not expenditures. "Lending money to a friend" and "Borrowing money from a sibling" are transference of funds—not expenditures. "Selling old books for money" is a form of income—not an expenditure.However, "Topping up credit on a phone", "Giving money to charity", "Spending money on a game", and "Buying food at a supermarket" all constitute the act of spending money on goods, services, or contributions. Consequently, they are examples of expenditure.

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