Accounting Expenses | Explained with Examples
Counttuts
Published at : 02 Oct 2021
Published at : 02 Oct 2021
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In this lesson, we explain what accounting expenses are, give a definition of expenses from the Conceptual Framework for Financial Reporting. We also explain how expenses are accounted for in the double-entry system with debit and credit. We give examples of expenses and give the recognition criteria of expenses.
Accounting Income Explained: https://youtu.be/XZeuPoePTyY
Check out other straight-forward examples on our channel.
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