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What does expence mean?

Updated: 3/22/2024
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Wiki User

13y ago

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Expense: A loss for the sake of something gained

for example, money to pay mortgage is an expense or money for a puppy.

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13y ago
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1mo ago

"Expense" refers to the cost incurred in order to generate revenue or operate a business. It includes all money spent on resources such as labor, materials, services, and overhead. Tracking expenses is crucial for monitoring financial health and making informed decisions.

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