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Guide to expense and its meaning. An alternative definition is that an expense is the. The meaning of expense is financial burden or outlay : Expense is the money that something costs you or that you need to spend in order to do something. An expense is the cost incurred in order to generate revenue or obtain something.
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In accounting, expense is any specific outflow of cash or other valuable assets from a person or company to another person or company. We explain it with examples, differences with expenditure, its types, how to calculate & record. Expenses are a normal and important part of doing business globally. An expense is the cost incurred in order to generate revenue or obtain something.
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