Material Detail

Expenses are the costs incurred to generate revenues. A firm records an expense when it disburses cash or promises to disburse cash for an asset or service used to generate income.

Contents:

1 What is an Expense Account? 2 Types of Expense Accounts – Examples

2.1 Operating Expenses 2.2 Non-operating Expenses...

Disciplines:

• Business  / Accounting  / Introductory