Question

what is the difference between cost and expense.

Answer 1

❤⭐☺⭐☺❤⭐HEY MATE YOUR ANSWER IS HERE. ...⭐☺⭐❤⭐

A cost might be an expense or it might be an asset. An expense is a cost that has expired or was necessary in order to earn revenues. ... Initially the cost of $6,000 is reported as the current asset Prepaid Insurance.

⭐☺⭐HOPE ITS HELPFULL ⭐☺☺⭐

⭐❤⭐❤⭐PLZZ MARK ME BRAINLIEST ⭐❤⭐⭐⭐❤

Answer 2

A cost might be an expense or it might be an asset. An expense is a cost that has expired or was necessary in order to earn revenues. We hope the following three examples will illustrate the difference between a cost and anexpense. A company has a cost of $6,000 for property insurance covering the next six months.
hope it helped