Expenses

An Expense is every sacrifice (Consumption of goods or services to obtain Income) of the company to earn Income. It is reflected through a reduction in cash (in case of cash payment) or through an increase in a debt - confluencepage-78804c46-bd34-4072-85c1-f193004f6e02 (to be paid over a period). The expense may also result from other reductions in admin-IN-316fd0ae-5f3c-4db9-ac26-cbdf4ff8a7d1-1507579308097-c7e549f6-b237-4858-8271-57bb8f0a5313 (other than Cash), as in the case of wear and tear of machines and others.

Examples: