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Financial & Managerial Accounting
Found in: Page 29
Financial & Managerial Accounting

Financial & Managerial Accounting

Book edition 7th
Author(s) John J Wild, Ken W. Shaw, Barbara Chiappetta
Pages 1096 pages
ISBN 9781259726705

Short Answer

Give two examples of expenses a business might incur

Expenses are the cost incurred by a business. For example, rent and depreciation.

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Step by Step Solution

Step 1: Definition of expenses

Expenses are defined as the amount of money spent by the business during the ordinary course of business.

Step 2: Examples of expenses

Examples of expenses which might occur in a business during a year can be rent expense, depreciation expense, etc.

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