The expenditure on a good or services which is consumed either immediately or within a current accounting period is called
Answer Details
The expenditure on a good or service which is consumed either immediately or within a current accounting period is called "Recurrent expenditure". Recurrent expenditure is a type of expenditure that is recurring in nature and is incurred on a regular basis to maintain the normal day-to-day operations of a business or organization. Examples of recurrent expenditure include salaries and wages, rent, utilities, and office supplies. Unlike capital expenditure, which is incurred on long-term assets such as buildings or equipment, recurrent expenditure is not meant to generate future income or benefits beyond the current accounting period.