Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does expense mean?

SEARCHING
Suggestion/Report Error
expense
Noun


An amount of money or other asset used up or the incurrence of a liability (or both) in an accounting period in the course of ordinary business activity for the purpose of obtaining revenue, it being matched to the revenue it generated.

Comment: 
Commonly confused with cost and loss.
top
© 2015-2024 Pecunica LLC.  All rights reserved.
;