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Expenses Vocabulary Set in Accounting - Auditing: Full and Detailed List

The 'Expenses' vocabulary set in 'Accounting - Auditing' is carefully selected from standard international textbook sources, helping you master vocabulary in a short time. Comprehensive compilation of definitions, illustrative examples, and standard pronunciation...

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expense

/ɪkˈspens/

Example:

Buying a new car is a big expense.

cost of goods sold

/kɔst əv ɡʊdz soʊld/

Example:

Calculating the cost of goods sold is crucial for determining a company's gross profit.

operating expense

/ˈɑː.pə.reɪ.tɪŋ ɪkˈspens/

Example:

Rent, utilities, and salaries are common operating expenses for a business.

interest expense

/ˈɪn.trəst ɪkˈspens/

Example:

The company's interest expense increased due to higher debt levels.
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