Definitions of Cost and Expense Some people use cost interchangeably with expense. However, we use the term cost to mean the amount spent to purchase an item, a service, etc. Some costs are not expenses (cost of land), some costs will become expenses (cost of a new delivery van), and...
If the insurance cost is expiring at a rate of $1,000 per month, then each month the amount in the asset account Prepaid Insurance will decrease by $1,000 and Insurance Expense of $1,000 will be reported on the income statement. Related Questions How do I determine the cost of missing...
First recorded between 1200–50, cost is derived from the Latin word constāre (“to stand together, be settled, cost”). Synonyms for cost include charge, expense, and expenditure. What does price mean? Price as a noun is defined as “the sum or amount of money or its equivalent for ...
百度试题 结果1 题目 The cost of transport is a major expense for an industry. ___ factory location is an important consideration. A Howeve B But C Hence D Though 相关知识点: 试题来源: 解析 C 反馈 收藏
百度试题 结果1 题目 The cost of transport is a major expense for an industry.___ factory location is an important consideration. A. A However B. B But C. C Hence D. D Though 相关知识点: 试题来源: 解析 C 反馈 收藏
Expenses are wholly and exclusively for business use such as stationery, rent etc. If you purchase something which has a dual business and personal use, you can claim only for the business use. Is cost the same as expense? Most people use the two terms interchangeably, but for accounting pu...
Revenue results when the sale is made, whether or not cash is received at that time. The related expense is the cost of the merchandise that was sold. The income of a period is the difference between the revenues and expenses of that period. 销售有二个方面: 收支方面和费用方面。 收支发生...
aA sale has two aspects: a revenue aspect and an expense aspect. Revenue results when the sale is made, whether or not cash is received at that time. The related expense is the cost of the merchandise that was sold. The income of a period is the difference between the revenues and exp...
百度试题 结果1 题目 The cost of transport is a major expense for a company. H ence its location is an important consideration. 相关知识点: 试题来源: 解析 答案见上 反馈 收藏
The cost of revenue is the total cost of manufacturing and delivering a product or service and is found in a company's income statement.