The amount of money you spend in a week.
Direct expenses are costs that can be directly attributed to the production of goods or services. These expenses include items such as raw materials, direct labor, and manufacturing supplies that are directly involved in the creation of a product. Unlike indirect expenses, which cannot be traced to specific products or services, direct expenses are essential for calculating the cost of goods sold and determining profitability.
Ideal expenses are those expenses that are theoretical estimated when one is preparing the feasibility report.
For the individual taxpayer or person it would be any excess amount after all taxes, bills, insurances, medical expense, living expenses, transportation expense, and amounts that should be put into the savings and retirement accounts. After you take care of all of your necessary expenses then if you have any thing left that would be an expendable amount of your net income.
It is essential for business people to consider all fixed costs of production when making strategic decisions because fixed costs are expenses that do not change regardless of the level of production. By understanding and factoring in these costs, businesses can accurately assess their overall expenses and make informed decisions about pricing, production levels, and profitability. Failure to consider fixed costs can lead to inaccurate financial projections and potentially harmful strategic decisions.
ordinary business expenses
debit all expenses and losses
estimated expenses are expenses that are not actual or real. it may be more than or less than the ctual expenses
Functional expenses are expenses grouped together according to the purpose for which the expense occurred. Some examples of this would be administrative expenses, program expenses, or cost of goods.
The amount of money you spend in a week.
To effectively budget for recurring expenses, track your expenses, prioritize essential costs, set aside a portion of your income for these expenses, and adjust your budget as needed to stay on track.
Absolutely essential
Something that is necessary.
What is the answer?! Gahh
The amount by which revenue exceeds expenses. If expenses exceed revenue it is a net loss.
essential is something that is essential in life e.g your mobile or your laptop and maybe pencils for school that is what essential means
An essential expense refers to a necessary cost that individuals or households incur to maintain their basic needs and quality of life. This typically includes expenses such as housing, food, healthcare, utilities, and transportation. These expenses are crucial for survival and well-being, distinguishing them from discretionary spending, which is not vital for basic living. Managing essential expenses is key to budgeting and financial stability.