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Ariyan Keshri 2 years, 2 months ago
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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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Anjan Karthi 4 years, 3 months ago
1Thank You