In regards to the world of accounting we all live in, expenses are any cost that is included in a business’ overall cost of doing business. These costs are the result of any action a company takes with the intention of earning or gaining revenue. Now what does that even mean? Better question, give me some examples?
Why certainly. Jeeves, tell them what they want to know.
As expenses can include things like cash and cash equivalents, some examples are:
- Advertising costs
- Distribution costs
- Manufacturing costs
- and more
They say there is no such thing as a free lunch, and there is no such thing as a cost free business. You have to spend money to make money, so don’t cut corners.