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Bookmark or Share- Expense definition — AccountingToolsWhat is an Expense? An expense is the cost incurred in order to generate revenue or obtain something. An alternative definition is that an expense is the reduction in value of an asset as it is used to generate revenue.
- Expense Definition & Meaning - Merriam-Webster1. a. : financial burden or outlay : cost. built the monument at their own expense. : an item of business outlay chargeable against revenue for a specific period. c. : something expended to secure a benefit or bring about a result. 2. : a cause or occasion of expenditure. an estate is a great expense. 3.
- Expense: Definition, Types, and How Expenses Are Recorded - InvestopediaAn expense is a cost that businesses incur in running their operations. Expenses include wages, salaries, maintenance, rent, and depreciation. Expenses are deducted from revenue to arrive at...
- Expenses - Definition, Types, and Practical ExamplesAn expense is a type of expenditure that flows through the income statement and is deducted from revenue to arrive at net income. Due to the accrual principle in accounting, expenses are recognized when they are incurred, not necessarily when they are paid for.
- Expense | Definition, Categories, and Examples - Finance StrategistsExpense is the cost of running a business. This includes money spent on items such as rent, office supplies, and salaries for employees. An expense can also be an expenditure whose benefit is finished or enjoyed immediately or within the period of one accounting year.
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