Question: Does Expense Mean?

What is a permanent?

(Entry 1 of 2) 1 : continuing or enduring without fundamental or marked change : stable the museum’s permanent art collection an accident causing permanent injury.

2a : not easily removed, washed away, or erased : indelible sense 1a permanent stains..

What are examples of business expenses?

What Are Examples of Business Expenses?Payroll (employees and freelance help)Bank fees and interest.Rent.Utilities.Insurance.Company car.Equipment or Equipment rental.Software.More items…

How do you spell expensive?

Correct spelling for the English word “expensive” is [ɛkspˈɛnsɪv], [ɛkspˈɛnsɪv], [ɛ_k_s_p_ˈɛ_n_s_ɪ_v] (IPA phonetic alphabet).

Is expense a debit or credit?

Expenses normally have debit balances that are increased with a debit entry. Since expenses are usually increasing, think “debit” when expenses are incurred. (We credit expenses only to reduce them, adjust them, or to close the expense accounts.)

What does expense mean in English?

English Language Learners Definition of expense : the amount of money that is needed to pay for or buy something. : an amount of money that must be spent especially regularly to pay for something.

What’s another word for expense?

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

What are the 3 types of expenses?

There are three major types of expenses we all pay: fixed, variable, and periodic.

What does expenses mean in business?

In its simplest terms, you should be looking to record any expense, paid by the business, by you, or by your employees that is for physical items or services needed to run the business.

Do something at the expense of?

If you achieve something at the expense of someone, you do it in a way that might cause them some harm or disadvantage. According to this study, women have made notable gains at the expense of men.

What is the opposite of expense?

Antonyms: gain, income, proceeds, product, profit, profits, receipt, receipts, return, returns. Synonyms: cost, expenditure, outgo, outlay.

What does at the expense mean?

: in a way that harms (something or someone) Malls flourished at the expense of small stores downtown.

Is expense a word?

noun. cost or charge: the expense of a good meal. a cause or occasion of spending: A car can be a great expense. the act of expending; expenditure.

What are the 4 types of expenses?

You might think expenses are expenses. If the money’s going out, it’s an expense. But here at Fiscal Fitness, we like to think of your expenses in four distinct ways: fixed, recurring, non-recurring, and whammies (the worst kind of expense, by far).

Is it an expense or asset?

In order to distinguish between an expense and an asset, you need to know the purchase price of the item. Anything that costs more than $2,500 is considered an asset. Items under that $2,500 threshold are expenses. Let’s say your business spent $300 on a printer and $3,000 on a copier last year.

What is expense explain with example?

Costs that are matched with revenues on the income statement. For example, Cost of Goods Sold is an expense caused by Sales. Expenses associated with a peripheral activity are nonoperating or other expenses. … For example, a retailer’s interest expense is a nonoperating expense.