Difference between revisions of "Expense"
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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.) | 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 Terms]] | ||
[[Category:Accounting]] | [[Category:Accounting]] | ||
| + | [[Category:Business]] | ||
Revision as of 19:55, February 26, 2018
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.)