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Home > Terms > English, UK (UE) > Expense
Expense
Funds actually spent or incurred providing goods, rendering services, or carrying out other mission related activities during a period. Expenses are computed using accrual accounting techniques which recognise costs when incurred and revenues when earned and include the effect of accounts receivables and accounts payable on determining annual income.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Insurance
- Category: Medicare & Medicaid
- Company: Centers for Medicare & Medicaid Services
- Product:
- Acronym-Abbreviation:
Other Languages:
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