Give two examples of expenditure that are made, each in the case of the given period.
(a) Short-term (b) Medium-term © Long-term
(a) Short-term — • Purchase of raw material
• Payment of telephone bill, electricity bill, etc .
(b) Medium-term — • Expenditure made on renovation of office
• Expenditure made on the promotion of company’s product
© Long-term — • Purchase of building
• Purchase of machineiy