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Expenses means money spent or cost incurred in an entity,s effort to generate revenue. it represent cost of doing business.
Purchase means cost of buying goods/ services.It result in increase in expense.
Thus expense is a wider term which includes purchase in it.
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What is difference between advance expenses and prepaid expenses?
i dont have any knowlege.....Nikita Gohil
Are purchases expenses or costs?
Purchases are costs until those purchases are converted into sellable goods and actually sold for revenue.
What is difference between expenses and losses?
A business (company or individual) earns money - called earning or revenue. To earn this, the entity incurs expenses - such as material, salaries, telecom costs. When you subtract the expenses from the revenue, the result is called 'profit', if it is positive, and 'loss', if negative. So the difference is - expenses are the costs incurred by a business, and loss is the difference between earnings and expenses, (if expenses are more than revenues).
What the difference between expenses and prepaid expenses?
Expenses are those amounts the benefit of which is already taken by business while prepaid expenses are advance payments for those expenses which company will incur in future.
What is the difference between revenues and the expenses needed to operate the business?
profit or loss
What is the difference between preliminary and preoperative expenses?
THERE IS NO DIFFERENCE BETWEEN PRELIMINARY AND PREOPERATIVE EXPENSES. THESE EXPENSES ARE INCURED IN BREFORE OPENING THE DOORS OF A BUSINESS OR RELEASING A NEW PRODUCT INTO THE MARKET ETC.. FOR EXAMPLE ADVERTISMENT, PRELAUNCHING EXPENSES, ETC.
What is difference between advance expenses and prepaid expenses?
i dont have any knowlege.....Nikita Gohil
Are purchases expenses or costs?
Purchases are costs until those purchases are converted into sellable goods and actually sold for revenue.
What is difference between expenses and losses?
A business (company or individual) earns money - called earning or revenue. To earn this, the entity incurs expenses - such as material, salaries, telecom costs. When you subtract the expenses from the revenue, the result is called 'profit', if it is positive, and 'loss', if negative. So the difference is - expenses are the costs incurred by a business, and loss is the difference between earnings and expenses, (if expenses are more than revenues).
Can purchases be defined as direct expenses?
yes it is direct
The amount of the purchases for a period is presented in the expenses section of the income statement?
The amount of the purchases for a period is presented in
What the difference between expenses and prepaid expenses?
Expenses are those amounts the benefit of which is already taken by business while prepaid expenses are advance payments for those expenses which company will incur in future.
What is the difference between conveyance and traveling expenses?
muje kya pta
How do you determine the amount of net purchases?
by listing all the expenses
Explain the difference between short term and long term planning?
Short-term planning takes care of regular expenses in the near future while long-term planning involves saving for large purchases further in the future.
What is us deficite?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
What is the us deficit?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
