what are expenses in a business?

what are expenses in a business?

what are expenses in a business?

Answer

Brief Explanations:

Expenses in a business are the costs incurred in the course of its operations. They include costs like rent for office - space, salaries of employees, cost of raw materials for production, utility bills, marketing and advertising costs, and interest on loans. These are the outflows of economic resources to generate revenues.

Answer:

Expenses in a business are the costs incurred for its operations such as rent, salaries, raw - material costs, utility bills, marketing costs, and loan interest.