In older documents also Expensen and Impensen (cost[s])

Colloquially synonymous with expenses, i.e., money that has been spent for a special purpose (money that has been used for a special purpose). – In economics, the consumption of factors of production – labor, inputs, materials – valued in money and expressed in money, as well as third-party services valued in money and public charges that are consumed in the production of output (the amount spent for merchandises and services, including money and time and labor, to produce something). – A distinction must be made between the terms “costs” and “expenses”. Costs according to the business definition on the one hand and expenses according to tax and commercial law on the other hand can differ considerably in a period; for example, because according to commercial law, assets can be depreciated faster than the useful life, which is decisive for cost accounting. – Expenses usually differ from costs to an even greater extent, in particular due to imputed depreciation and interest. The same applies to the terms revenue, income and income. – See accrual principle, expenses, basic profit, cash flow, revenue, Generaly Accepted Accounting Principles, income, profit, trading costs, cost of sales, expenses.

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