Define: Expense

UK Accounting Glossary

Definition: Expense


Quick Summary of Expense


An expense is caused by a transaction or event arising during the ordinary activities of the business which causes a decrease in the ownership interest.




What is the dictionary definition of Expense?

Dictionary Definition


  1. A spending or consuming. Often specifically an act of disbursing or spending funds.
  2. That which is expended, laid out, or consumed. Sometimes with the notion of loss or damage to those on whom the expense falls.
  3. obsolete Loss.

Advertisement



Full Definition of Expense



Advertisement



Expense FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/expense/
Modern Language Association (MLA):
Expense. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 17, 2019 https://payrollheaven.com/define/expense/.
Chicago Manual of Style (CMS):
Expense. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/expense/ (accessed: November 17, 2019).
American Psychological Association (APA):
Expense. PayrollHeaven.com. Retrieved November 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/expense/

Definition Sources


Definitions for Expense are sourced/syndicated from:


This glossary post was last updated: 23rd December 2018.