When does a cost become an expense
so all costs become expenses? explain it
no, it is not necessary
costs
Profit, costs, and expenses are important within any business' profit and loss statements. The connection is that anything that is more than the costs and expenses of a product or service offered by a business is profit.
Major bank expenses are: Operational Costs - employee salaries; Captital Costs -buying equipment and or buildings; Financing Costs - interest expense for loans and bonds
Costs
the costs of operating
costs
Private costs are the expenses of a supplier or producer. They are the costs incurred in provision of services or products.
Assets become expenses when their economic benefits expire.
Assigning indirect expenses to the department
C.O.G.S. (Costs of Goods Sold) and Operating Expenses.