Tag Archives | Expenses

Expenses: Meaning, Categories and Its Recognition

In this article we will discuss about Expenses:- 1. Meaning of Expenses 2. Categories of Expenses 3. Recognition. Meaning of Expenses: Expenses are the monetary amount of resources used up or expended by an entity during a period of time to earn revenues. Expenses are essentially cost incurred in the process of earning revenues through […]

Comparison among Revenues, Expenses, Gains and Losses

Learn about the comparison among revenues, expenses, gains and losses. 1. Revenues and gains are similar in several ways, but some differences are significant, especially in displaying information about an enterprise’s performance. Revenues and expenses provide different kinds of information from gains and losses, or at least information with a different emphasis. Revenues and expenses […]

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