Expense

Expense is the opposite of revenue. It represents business cost and related to that money which is spent to generate revenue.

Expense

Expense can be explained as costs or expenditure maintained by a company for a certain accounting period to earn certain amount of revenues. Mostly expenses are incurred through the operating activities of a company. In terms of accounting expense is exactly opposite of that

Important Bookkeeping Terms

Important Bookkeeping Terms: Before attempting to learn the art or science of bookkeeping it will be better to clarify some of the terms that will have to be used again and again. Transaction: Any dealing between two persons or things in a transaction. It