What is Expenses in Accounting?

Expenses:

Outflow of future economic benefits
An expense in accounting is the cost incurred by an entity to
create revenue.
Expenses represent the cost of doing business.

Expenses are Recorded and part of
the Profit and loss as deductions from the Income.

Salaries/wages, selling cost, manufacturing cost etc are the examples of expenses.

Jun 19 at 11:43:29
	Adnan 11