Cost and expense

Author Topic: Cost and expense  (Read 1520 times)

Offline MD. ABDUR ROUF

  • Jr. Member
  • **
  • Posts: 82
  • Test
    • View Profile
    • Google Scholar
Cost and expense
« on: July 14, 2018, 06:11:15 PM »
 
Cost: Cost is the total value of the sacrifice mode to acquire goods or services.
Expense: Expense is the value of the sacrifice mode for usesing goods or services, measured in monetary units by the reduction of asset.
Example- purchases a furniture Tk.20,000 for 10 years. Here, cost is Tk.20,000 total value of furniture and per year depreciation is expense Tk.2000.   
Dr. Md. Abdur Rouf
Associate Professor of Accounting
Faculty of Business and Economics
Daffodil International University

Offline munna99185

  • Faculty
  • Hero Member
  • *
  • Posts: 573
  • Test
    • View Profile
Re: Cost and expense
« Reply #1 on: October 18, 2018, 03:18:02 PM »
Thanks for sharing.

Sayed Farrukh Ahmed
Assistant Professor
Department of Business Administration
Faculty of Business & Entrepreneurship
Daffodil International University

Offline akhi

  • Sr. Member
  • ****
  • Posts: 360
  • Life is beautiful
    • View Profile
    • http://faculty.daffodilvarsity.edu.bd/profile/cse/amatul.html
Re: Cost and expense
« Reply #2 on: October 21, 2018, 12:46:08 PM »
Thanks for sharing
Amatul Bushra Akhi
Employee ID: 710001668
Lecturer
Room No: 704 AB-01
Department of Computer Science and Engineering
Permanent Campus
Daffodil International University