Expense: Difference between revisions
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imported>Doug Williamson (Create the page. Sources: linked pages.) |
imported>Doug Williamson (Add definitions 1 & 2.) |
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1. | |||
A cost necessarily incurred in performing duties as an employee or independent professional. | |||
2. | |||
More generally, any cost necessarily incurred in order to do something. | |||
3. ''Accounting - noun.'' | |||
An item treated as a cost in the current reporting period, when preparing an income statement. | An item treated as a cost in the current reporting period, when preparing an income statement. | ||
4. ''Accounting - verb.'' | |||
To account for an item as an expense, rather than capitalising it. | To account for an item as an expense, rather than capitalising it. | ||
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==See also== | ==See also== | ||
*[[Capitalise]] | *[[Capitalise]] | ||
*[[Expenditure]] | |||
*[[Expenses]] | *[[Expenses]] | ||
*[[Income statement]] | *[[Income statement]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Revision as of 08:24, 30 January 2019
1.
A cost necessarily incurred in performing duties as an employee or independent professional.
2.
More generally, any cost necessarily incurred in order to do something.
3. Accounting - noun.
An item treated as a cost in the current reporting period, when preparing an income statement.
4. Accounting - verb.
To account for an item as an expense, rather than capitalising it.
