Expense: Difference between revisions
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imported>Doug Williamson (Add definitions 1 & 2.) |
imported>Doug Williamson (Add link.) |
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*[[Expenses]] | *[[Expenses]] | ||
*[[Income statement]] | *[[Income statement]] | ||
*[[Research & development]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 21:57, 24 April 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.
