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Expenses are _______

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Expenses are _______

Posted by Ujjwal Rajput 2 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Jasleen Maini 2 years, 9 months ago

Its refers to the money incuured and earned in a business

Neha Mishra 2 years, 10 months ago

Expenses refer to those costs that are incurred to earn revenue for the business. It is incurred for maintaining profitability of the business. It indicates the amount spent to meet short-term needs of the business. It is shown in the debit side of the profit and loss account or trading account.

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