chrisbillakings Asked: October 22, 2019 In: Accounting what is Expenses? 1k What is expense (Accounting) Expense Share Facebook You must be logged in to Answer this question! kindly login here or sign up here 1 Answer Voted Solutionwheels Best Answer 2019-10-22T19:58:22+00:00 Added an answer on October 22, 2019 at 7:58 pm V Expense is the "Consideration incurred" for goods bought or services consumed or enjoyed. Examples of Expenses in Accounting 1. Cost of goods sold 2. Operating expenses: Selling and Distribution General and admin Expenses Salaries and wages Rent Telephone Travelling expenses Insurance 3. Depreciation Deleted
Expense is the "Consideration incurred" for goods bought or services consumed or enjoyed.
Examples of Expenses in Accounting
1. Cost of goods sold
2. Operating expenses:
Selling and Distribution
General and admin Expenses
Salaries and wages
Rent
Telephone
Travelling expenses
Insurance
3. Depreciation