English, asked by Amaan54872, 4 months ago

What is Expense ?
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Answered by ISHIKA690

13

Answer:

An expense in accounting is the money spent, or costs incurred, by a business in their effort to generate revenues. ... Cost is the monetary measure (cash) that has been given up in order to buy an asset. An expense is a cost that has expired or been taken up by activities that help generate revenue........

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Answered by aalminsiddiqui

7

Answer:

Expenditure is an outflow of money, or any form of fortune in general, to another person or group to pay for an item or service, or for a category of costs. For a tenant, rent is an expense. For students or parents, tuition is an expense....

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