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23. What does the term expense mean?

User Pbialy
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Answer and explanation :

  • Expense is defined as the cost to run a business.
  • It can be separated into various categories of day to day expense and one time expense.
  • Some expenses are charged regularly as such for daily business, like normal canteen expense, electricity, stationary, etc:
  • Whereas some expenses like repairs and maintenance are charged once in a while.

User Allyssa
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