The concepts of revenue and expenditure and their accounting effects

The aim of this contribution is to problematise the way the concepts of revenue and expenditure are used in the domain of accounting without taking into account their different accounting effects depending on whether the accounts are prepared to be used in for instance a limited company, a non-profit organisation, or a municipality, respectively. We suggest an expanded conceptual apparatus to be used than what is the case in present Anglo-Saxon accounting models which better reflects these effects of revenues and expenditures.