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An '''expense''', in business and accounting, is the spending of money for reasons other than the purchase of an [[asset]] or the repayment of a [[liability]].
As an example, buying toner for the office printer is an expense. However, the printer itself is generally not an expense, but an asset purchase. (In some larger companies, purchases of assets under a certain amount are treated as expenses due to the small amount involved.)
[[Category:Accounting]]
As an example, buying toner for the office printer is an expense. However, the printer itself is generally not an expense, but an asset purchase. (In some larger companies, purchases of assets under a certain amount are treated as expenses due to the small amount involved.)
[[Category:Accounting]]