Faculties and Departments > Managerial Accounting

Cost and expense

(1/1)

MD. ABDUR ROUF:
 
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.   

munna99185:
Thanks for sharing.

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

akhi:
Thanks for sharing

Navigation

[0] Message Index