fbpx

Expenses

  • Costs incurred by a business in the process of earning revenue are known as expenses.
  • Generally, expenses are measured by the cost of assets consumed or services used during an accounting period.
  • The usual items of expenses are: depreciation, rent, wages, salaries, interest, cost of heater, light and water, telephone, etc.

 

373 total views, 2 views today

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!