Question: What Is Expenses And Examples?

What is expenses and its types?

Salaries, benefits, and wages.

Selling, general, and administrative (SG&A) This includes expenses such as rent, advertising, marketing, accounting, litigation, travel, meals, management salaries, bonuses, and more.

On occasion, it may also include depreciation expense.

Rent and insurance..

How do you list expenses?

Steps to Track Your ExpensesWrite down your monthly income.Write out your monthly expenses. Start with food, shelter (your mortgage or rent plus utilities), clothing, and transportation. … Make sure your income minus your expenses equals zero.

What are personal expenses?

personal expense – the cost of personal or family living; “some personal expenses are tax deductible” disbursal, disbursement, expense – amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)

What are some examples of expenses?

Examples of ExpensesCost of goods sold.Sales commissions expense.Delivery expense.Rent expense.Salaries expense.Advertising expense.

What are the 3 types of expenses?

There are three major types of expenses we all pay: fixed, variable, and periodic.

What are the 4 types of expenses?

You might think expenses are expenses. If the money’s going out, it’s an expense. But here at Fiscal Fitness, we like to think of your expenses in four distinct ways: fixed, recurring, non-recurring, and whammies (the worst kind of expense, by far).