Expenses
Bookkeeping Ingredients > Chart Accounts-Accounts
Definition: Costs incurred by the business in the process of earning revenue.
Financial Statement: Income Statement
Examples: Rent Expense, Salaries Expense, Utilities Expense, Advertising Expense, Depreciation Expense
Debit: Increases Balance
Credit: Decreases Balance
Normal Balance: Debit
Common Operating Expenses
Dave Explains Business Expenses
Depreciation