Question: What Is The Meaning Of Expense?

What is the verb of expense?

expensed; expensing.

Definition of expense (Entry 2 of 2) transitive verb.

1a : to charge to an expense account.

b : to write off as an expense..

What is the opposite of expense?

expense. Antonyms: income, profit, receipt.

What does deduced mean?

1 : to determine by reasoning or deduction deduce the age of ancient artifacts She deduced, from the fur stuck to his clothes, that he owned a cat. specifically, philosophy : to infer (see infer sense 1) from a general principle. 2 : to trace the course of deduce their lineage.

What is a fixed monthly expense?

The definition of fixed expenses is “any expense that does not change from period to period,” such as mortgage or rent payments, utility bills, and loan payments. … Here is a list of categories to include in your fixed expenses: Mortgage(s) Rent. Property taxes (if paying monthly)

What’s the difference between a bill and an expense?

A bill is money that your business owes but will pay at a later date. An expense is money that your business spends at the time of purchase. … When you purchase a product or service for your business and pay with cash or check. Or if you pay online with a credit card, Paypal, or similar, that is an expense.

Is expense a word?

noun. cost or charge: the expense of a good meal. … the act of expending; expenditure.

Is Internet a fixed expense?

In the area for fixed expenses, you’ll need to list all expenses you have that are the same every month. For example, if your car payment is $350, you can list that amount as a fixed expense. Here are some other fixed expenses: … Service payments (cable, Internet, cell phone, satellite radio, etc.)

Is rent a fixed expense?

Fixed costs remain the same regardless of whether goods or services are produced or not. … The most common examples of fixed costs include lease and rent payments, utilities, insurance, certain salaries, and interest payments.

Is rent an expense?

Rent expense is the cost incurred by a business to utilize a property or location for an office, retail space, factory, or storage space. Rent expense is a type of fixed operating cost or an absorption cost for a business, as opposed to a variable expense.

What are the 4 types of expenses?

Terms in this set (4)Variable expenses. Expenses that vary from month to month (electriticy, gas, groceries, clothing).Fixed expenses. Expenses that remain the same from month to month(rent, cable bill, car payment)Intermittent expenses. … Discretionary (non-essential) expenses.

What are the 3 types of expenses?

There are three major types of expenses we all pay: fixed, variable, and periodic. Do you know the difference?

What are the monthly expenses?

This list highlights some of the most common monthly expenses to factor into your budget:Housing. Your housing expenses are likely your single-largest budget item. … Food. Your monthly food expense includes everything that you spend on eating. … Transportation. … Childcare and pet care. … Cell phone. … Health insurance. … Debt. … Savings.More items…•

What triumphant means?

1 : victorious, conquering triumphant armies. 2 : rejoicing for or celebrating victory a triumphant shout.

What are the major expense items?

Let’s take a look at some of the major categories of expenses you’ll take on and how you can manage them more efficiently:Wages and benefits. … Rent (or mortgage). … Equipment. … Utilities and office supplies. … Theft. … Other losses. … Professional fees. … Marketing and advertising.More items…•

What’s another word for expense?

Synonyms of expensecharge,cost,disbursement,expenditure,outgo,outlay.

What exploit means?

transitive verb. 1 : to make productive use of : utilize exploiting your talents exploit your opponent’s weakness. 2 : to make use of meanly or unfairly for one’s own advantage exploiting migrant farm workers.

What does the word expense?

An expense is a cost, but you can also use this word to mean the figurative cost of something. The root of expense the Latin expendere, “to weigh out money or pay down.” …

What is the meaning of expanse?

1 : firmament. 2 : great extent of something spread out an expanse of calm ocean.

What are examples of expenses?

Examples of ExpensesCost of goods sold.Sales commissions expense.Delivery expense.Rent expense.Salaries expense.Advertising expense.

What is expenses in simple words?

An expense is the cost of operations that a company incurs to generate revenue. As the popular saying goes, “it costs money to make money.” Common expenses include payments to suppliers, employee wages, factory leases, and equipment depreciation.

How do you list expenses?

Steps to Track Your ExpensesWrite down your monthly income.Write out your monthly expenses. Start with food, shelter (your mortgage or rent plus utilities), clothing, and transportation. … Make sure your income minus your expenses equals zero.