👉 Misexpenditure is a term used in accounting to describe an expenditure that has not been properly accounted for or recorded. This can happen when an organization makes an error in recording expenses, and the correct amount of money is not accurately tracked. Misexpenditure can occur in many different ways, such as by making an incorrect accounting entry for an expense, miscounting expenses in a financial statement, or failing to record certain expenses at all. Misexpenditure can lead to significant financial losses
