ECONOMICS
MONEY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
income
|
|
|
net gain
|
|
|
expense
|
|
|
None of the above
|
Detailed explanation-1: -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.
Detailed explanation-2: -money paid out; an amount spent. synonyms: expense, outgo, outlay, spending.
Detailed explanation-3: -Types of Expenses non-operating and fixed vs. variable.
Detailed explanation-4: -Cost of Goods Sold. Operating Expenses. Financial Expenses. Extraordinary Expenses. Non-Operating Expenses.
Detailed explanation-5: -Cost of goods sold for ordinary business operations. Wages, salaries, commissions, other labor (i.e. per-piece contracts) Repairs and maintenance. Rent. Utilities (i.e. heat, A/C, lighting, water, telephone) Insurance rates. Payable interest. Bank charges/fees. More items •03-Feb-2023