Question

Q.13 Expense means? *
a cost relating to the operations
during the accounting year
a cost relating to the income earned
during the accounting year
O
a cost whose benefits do not extend
beyond the accounting year
O All of the above​

Answer 1

An expense is the cost of operations that a company incurs to generate revenue. As the popular saying goes, “it costs money to make money.” Common expenses include payments to suppliers, employee wages, factory leases, and equipment depreciation.