ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is an expense?
A
Money spent
B
Money earned
C
Money saved
D
Money invested
Explanation: 

Detailed explanation-1: -An expense is a cost that businesses incur in running their operations. Expenses include wages, salaries, maintenance, rent, and depreciation. Expenses are deducted from revenue to arrive at profits.

Detailed explanation-2: -money paid out; an amount spent. synonyms: expense, outgo, outlay, spending.

Detailed explanation-3: -Cost of Goods Sold. Operating Expenses. Financial Expenses. Extraordinary Expenses. Non-Operating Expenses.

Detailed explanation-4: -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

Detailed explanation-5: -Operating. Cost of Goods Sold (COGS) Marketing, advertising, and promotion. Salaries, benefits, and wages. Selling, general, and administrative (SG&A) Rent and insurance. Depreciation and amortization. Other. Non-operating. Interest. Taxes. Impairment charges.

There is 1 question to complete.