BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -An operating expense is an expense that a business incurs through its normal business operations. Often abbreviated as OpEx, operating expenses include rent, equipment, inventory costs, marketing, payroll, insurance, step costs, and funds allocated for research and development.

Detailed explanation-2: -Operating expenses-also known as selling, general and administrative expenses (SG&A)-are the costs of doing business. They include rent and utilities, marketing and advertising, sales and accounting, management and administrative salaries.

Detailed explanation-3: -Incurred cost is an expense that a company becomes liable for in exchange for consuming or otherwise profiting from the usage of an asset. It is based on the accrued accounting concept of expense recognition. Incurred cost is an expense for the company and is usually recorded on the debit side of the income statement.

Detailed explanation-4: -What are Accounts Expenses? An expense in accounting is the money spent, or costs incurred, by a business in their effort to generate revenues. Essentially, accounts expenses represent the cost of doing business; they are the sum of all the activities that hopefully generate a profit.