Expense: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add link.) |
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==See also== | ==See also== | ||
*[[Accrued expense]] | |||
*[[Capitalise]] | *[[Capitalise]] | ||
*[[Expenditure]] | *[[Expenditure]] | ||
Revision as of 10:18, 16 September 2020
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.
