Jul 16, 2025 · Examples of expenses include rent, utilities, wages, maintenance, depreciation, insurance, and the cost of goods sold. Expenses are usually recurring payments needed to operate a …

Aug 3, 2022 · Expenses are a normal and important part of doing business globally. Learn more about what is an expense and different types of expenses with our guide.

Expenses are costs that do not acquire, improve, or prolong the life of an asset. For example, a person who buys a new truck for a business would be making a capital expenditure because they have …

Businesses incur various types of expenses. An expense is a type of expenditure that flows through the income statement and is deducted from revenue to arrive at net income. Due to the accrual principle …

Jun 12, 2025 · What is an Expense? An expense is the cost incurred in order to generate revenue or obtain something. An alternative definition is that an expense is the reduction in value of an asset as …

Expenses are amounts of money that you spend while doing something in the course of your work, which will be paid back to you afterwards.

Dec 8, 2015 · specifically : an item of business outlay chargeable against revenue for a specific period. Note: Business expenses are generally tax deductible in the year the expense is incurred. Note: …

Dec 12, 2024 · Medical expenses include dental expenses, and in this publication the term “medical expenses” is often used to refer to medical and dental expenses. You can deduct on Schedule A …

legal/medical/household expenses [= costs] I'm concerned about the project's hidden expenses. You'll have to pay your own travel/traveling expenses. an all-expenses paid trip [=a journey for which all …

to use or spend (supplies etc). 1. the spending of money etc; cost.