business and finance

Business & Finance
Tutor: None Selected Time limit: 1 Day

provide a good definition for expense?

Jul 10th, 2014

The economic costs that a business incurs through its operations to earn revenue. In order to maximize profits, businesses must attempt to reduce expenses without also cutting into revenues. Because expenses are such an important indicator of a business's operations, there are specific accounting rules on expense recognition.


or 



 Money spent or costs incurred that are tax-deductible and reduce taxable income. 

Jul 11th, 2014

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