In the broadest sense – and thus also in tax law – all expenses or payments of a company, a private household or a public body incurred in a period of time for certain projects. – The costs incurred for a specific business errand, in old documents also called effort money and colloquially as well as under tax law today often called expenses. – According to IAS – in the case of assets in the company, the reduction in economic usefulness in the reporting period due to (by reason of) wear and tear or disposal, as well as – an increase in liabilities resulting in a decrease in equity, whereby distributions to shareholders (dsitribution to shareholders) are not included in the calculation. – See expense, expense, fare, expense, loss, asset, asset value, consumption.
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