Jul 16, 2025 · Examples of expenses include rent, utilities, wages, maintenance, depreciation, insurance, and the cost of goods sold. Expenses are usually recurring payments needed to operate a …

Expenses are costs that do not acquire, improve, or prolong the life of an asset. For example, a person who buys a new truck for a business would be making a capital expenditure because they have …

Dec 8, 2015 · specifically : an item of business outlay chargeable against revenue for a specific period. Note: Business expenses are generally tax deductible in the year the expense is incurred. Note: …

Our biggest expense this year was our summer holiday. We need to cut down on our expenses.

Jun 12, 2025 · What is an Expense? An expense is the cost incurred in order to generate revenue or obtain something. An alternative definition is that an expense is the reduction in value of an asset as …

Businesses incur various types of expenses. An expense is a type of expenditure that flows through the income statement and is deducted from revenue to arrive at net income. Due to the accrual principle …

Definition of expense noun from the Oxford Advanced Learner's Dictionary. [uncountable] the money that you spend on something. The garden was transformed at great expense. No expense was …

legal/medical/household expenses [= costs] I'm concerned about the project's hidden expenses. You'll have to pay your own travel/traveling expenses. an all-expenses paid trip [=a journey for which all …

Jul 24, 2025 · Learn what expenses are in accounting, the main types, examples, and how to track them properly for accurate reporting and tax compliance.

Expenses are amounts of money that you spend while doing something in the course of your work, which will be paid back to you afterwards.