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Giving example, explain the following accounting term: Expenses - Accountancy

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प्रश्न

Giving example, explain the following accounting term:

Expenses

थोडक्यात उत्तर

उत्तर

Expenses- Expenses are those costs that are incurred to maintain the profitability of business, like rent, wages, depreciation, interest, salaries, etc.

These help in the production, business operations and generating revenues.

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Basic Terms in Accounting
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पाठ 1: Introduction to Accounting - Questions for practice [पृष्ठ २१]

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एनसीईआरटी Accountancy - Financial Accounting 1 [English] Class 11
पाठ 1 Introduction to Accounting
Questions for practice | Q 13. (iii) | पृष्ठ २१
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