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What is the meaning of expensive?

Updated: 6/23/2021
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βˆ™ 8y ago

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Occasioning expense; calling for liberal outlay; costly; dear; liberal; as, expensive dress; an expensive house or family., Free in expending; very liberal; especially, in a bad scene; extravagant; lavish.

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Nathaniel Lebsack

Lvl 10
βˆ™ 3y ago
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βˆ™ 10y ago
  • Expenses are money spent or cost incurred in an organization's efforts to generate revenue, representing the cost of doing business.

  • Expenses may be in the form of actual cash payments (such as wages and salaries), a computed expired portion (depreciation) of an asset, or an amount taken out of earnings (such as bad debts).

  • Expenses are summarized and charged in the income statement as deductions from the income before assessing income tax.

  • Whereas all expenses are costs, not all costs (such as those incurred in acquisition of income generating assets) are expenses.

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